Last year will go down as a disastrous one for Tesla (TSLA) short sellers, people who bet against Tesla’s success and progress. On the final day of 2020, Tesla’s stock soared over the $700 mark for the first time.
The story of a potential Tesla short squeeze is one we’ve been quiet about for a while. It has honestly been a little bit bewildering — Tesla [TSLA] has frequently been the most shorted stock on the US stock market, and at critical junctures where logic would tell you that short sellers would bail, few have done so.
Those pursuing a short-selling strategy of Tesla stock have raised their bets against the company by 10% since mid-March, due to the idea that the firm is facing problems and that the market was overly optimistic about Tesla-fueled disruption, according to the firm S3 Partners (financial analytics).
