www.bloombergquint.com/business/tesla-shorts-sellers-lost-38-billion-in-2020-as-stock-surged
With shares up 730%, Tesla bears have seen more than $38 billion in mark-to-market losses this year, according to data from S3 Partners. By comparison, the next-biggest loss for short sellers was on Apple Inc., at just under $7 billion, S3 data shows.
Many of Tesla’s short sellers have closed out their positions over the course of 2020, with short interest falling to 6% of the float from nearly 20% a year ago, according to S3 data.
The next potential catalyst comes in early January, when Tesla reports fourth-quarter vehicle production and delivery figures. Tesla expects to deliver half a million cars in 2020, a huge milestone for a company that initially struggled to mass-produce its Model 3 and is now building additional factories in Berlin and Austin, Texas.