Short Squeeze Costs Tesla Shorts $40 Billion in 2020
Danny Vena, 21 January 2021
Tesla (NASDAQ:TSLA) was one of the undisputed winners of 2020, with the stock gaining 743% over the course of the year. There were a number of factors that contributed to the electric car maker’s surging stock price, including five successive quarters of profits, induction into the S&P 500 Index, and a well-received stock split.
However, short sellers that bet against the stock lost a massive $40 billion in 2020, making it the single most unprofitable short of the year. Short sellers lost a combined $245 billion last year, with Tesla costing shorts more than the next nine stocks combined. Continue reading “Article: Short Squeeze Costs Tesla Shorts $40 Billion in 2020”
