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Traders betting against Tesla lost $2.5 billion in just one day as the stock soared to new highs (TSLA)

Traders betting against Tesla lost $2.5 billion in just one day as the stock soared to new highs (TSLA)
Tesla



Tesla short-sellers were down $2.5 billion in mark-to-market losses on Monday as the stock spiked as much as 20%, according to a note from financial-analytics firm S3 Partners.A 




That brings the 2020 year-to-date mark-to-market losses for Tesla short-sellers to $8.31 billion.A 




"While we are seeing some momentum short sellers increasing their positions in anticipation of a short-term pullback, we should see an increase of short covering due to this $700/share level squeeze," said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.A 




Watch Tesla trade live on Markets Insider.A 




Read more on Business Insider.A 




Tesla short-sellers, or traders betting that the Elon Musk-led automaker's shares will decline, are feeling the heat Monday.A 
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.A 
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.A 
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