Short sellers lost $1.62 billion trading in Tesla since Tuesday's close

$Tesla(TSLA.US)$ $BYD COMPANY(01211.HK)$ $NIO Inc(NIO.US)$ $XPeng(XPEV.US)$ According to the article from Reuters, Tesla shares jumped to roughly $160 apiece, a price at which short sellers have lost $1.62 billion on paper since Tuesday's close, according to data and analytics firm Ortex.

My take: To be fair, short-sellers are still up almost $8 billion in profit this year. Last year short-sellers lost close to $178 billion trading in Tesla. Will history repeat itself this year?

Short sellers lost $1.62 billion trading in Tesla since Tuesday's close

Source:

Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears - Reuters

$BYD COMPANY(01211.HK)$ $BYD Co.(BYDDF.US)$ $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Tesla(TSLA.US)$ $VOLKSWAGEN A G(VWAGY.US)$ $NIO Inc(NIO.US)$ $Li Auto(LI.US)$ $XPeng(XPEV.US)$ $General Motors(GM.US)$ $Ford Motor(F.US)$ $Rivian Automotive(RIVN.US)$ $MERCEDES-BENZ GROUP AG(MBGAF.US)$ $TOYOTA MOTOR CORP(TOYOF.US)$ $GEELY AUTO(00175.HK)$ $Stellantis NV(STLA.US)$

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ZnWC

I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.

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