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Tesla short-sellers lost $38 billion throughout the automaker's colossal 2020 rally

Tesla short-sellers lost $38 billion throughout the automaker's colossal 2020 rally

Elon Musk.
Maja Hitij/Getty Images





Tesla short-sellers saw $38 billion in mark-to-market losses throughout 2020, Bloomberg reported Thursday, citing S3 Partners data.




Short interest in the company's shares plunged to less than 6% of Tesla's float from nearly 20% at the start of last year.




The losses trounce the $2.9 billion total seen in 2019 and come on the back of Tesla's 740% surge over the past 12 months.




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Investors betting against Tesla lost billions last year, as the automaker's shares leaped above nearly all estimates.Short sellers saw $38 billion in mark-to-market losses throughout 2020, Bloomberg reported Thursday, citing data from S3 Partners. Short interest in the shares fell to less than 6% of Tesla's float from nearly 20% as the company's rally led investors to close out their bearish positions.Tesla bears lost more than any other group of short-sellers in 2020. Those betting against Apple saw the second-largest deficit of nearly $7 billion, according to Bloomberg.Read more: Wall Street's biggest firms are warning that these 7 things could crash the stock market's party in 2021
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