Tesla shorters have lost $8.3 billion in 2020 as stock price hits record high
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Wow. pic.twitter.com/beehVilkrv— Michael Novogratz (@novogratz) February 3, 2020One concern is that the market price could be forced even higher by a “short squeeze,” an event caused by shorters re-buying their stock (likely at a loss) in order to close their positions.However, S3 Partners anticipates the volume of Tesla shares that’ve been shorted to begin a slow, continuous decline rather than a sudden abrupt plunge, rendering a short squeeze less likely.Last week, Hard Fork reported that Tesla had posted its first annual profit, finishing 2019 ahead by $35.8 million.
As said here by David Canellis