Tesla short-sellers lost a whopping $2.9 billion in 2019 — and the stock's latest record rally is making their pain even worse
The second half of the year was particularly painful for short-sellers as the stock rallied nearly 70% from its 2019 low in June through December. Short-sellersThe stock price gains even forced some short-sellers to abandon, or"cover," their positions against Tesla. The pain is continuing into the new year. On Friday, Tesla shares surged
as much as 5% to a fresh high after the company reported record fourth quarter and full-year 2019 delivery numbersTesla short-sellers are down $330,000 mark-to-market in the first few trading days of January, according to S3 data. While it's too early to see if shorts experience another squeeze from Friday's gains, one could restart if the stock continues to rally,
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