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Tesla short sellers have lost $8.3B in 2020 YTD
Posted on 2/3/20 at 3:20 pm
Posted on 2/3/20 at 3:20 pm
quote:
Tesla short-sellers, or traders betting that the Elon Musk-led automaker's shares will decline, are feeling the heat Monday.
Short-seller mark-to-market losses reached $2.5 billion in just one day as Tesla's stock surged to new highs, according to a Monday note from Ihor Dusaniwsky, managing director of predictive analytics at financial-analytics firm S3 Partners. At one point, the stock traded up 20%, the biggest one-day gain for the equity since 2013, according to Bloomberg data.
That brings the 2020 year-to-date mark-to-market losses for Tesla short-sellers to $8.31 billion, according to S3 data. That's nearly three times greater than short-seller losses in 2019, which were about $2.9 billion mark-to-market at the year end.
As short-seller losses mount, all eyes are watching for a dramatic "short squeeze," which is when a stock gains so rapidly that traders betting against it are forced to cover short positions, sometimes sending the stock price even higher.
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Posted on 2/3/20 at 3:41 pm to Street Hawk
tesla is turning into bitcoin at the rate it's going
Posted on 2/3/20 at 8:00 pm to Street Hawk
Tesla short sellers as a whole have been one of those most arrogant groups I have seen. Markets have a tendency to humble the arrogant.
Posted on 2/3/20 at 8:40 pm to Street Hawk
Never underestimate the stupidity of the investor...nothing about Tesla makes sense.
Posted on 2/4/20 at 9:21 am to Street Hawk
Almost as bad as anybody that owns silver
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