Short sellers lost $12.2 billion betting against Tesla last year more than any other stocks
$Tesla(TSLA.US$ The article reported that short sellers, those investors who placed bets that the value of Tesla shares were going to go down, lost a combined $12.2 billion last year, more than short sellers lost on any other company in 2023.
Quote:
With US stock indexes ending the year near record highs – the S&P 500 rose 22% for the year - shorts had a bad year overall. S3 estimates overall short losses reached $194.8 billion. But the losses by those shorting Tesla were particularly bad – more than the losses they suffered at Microsoft and Faceboook owner Meta, combined.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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