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Tesla Short Sellers Lost $38 Billion in 2020 as Stock Surged

  • Short interest has fallen to 6% of Tesla’s float from 20%
  • Loss is largest ‘I have ever seen,’ S3’s Dusaniwsky says
Tesla shares are up 730%.

Tesla shares are up 730%.

Photographer: David Paul Morris/Bloomberg
Updated on

Tesla Inc. short sellers lost billions more on the electric-vehicle maker than any other company in 2020, as bears got severely burned by the stock’s surge to new highs.

With shares up over 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.