All articles tagged with #financial analytics
Tesla's 13-day winning streak has created a multibillion-dollar headache for short sellers, with the stock more than doubling so far this year. While there has been an increase in short selling for all of 2023, recent short covering has been observed as the stock price rallies, making it an unprofitable trade for Tesla short sellers, according to financial analytics firm S3 Partners.
Tesla short sellers have lost $5.52 billion in the year to date, despite a profitable April, according to financial analytics firm S3 Partners. Tesla is the second most shorted US stock after Apple, with short interest around $15.42 billion. Since Tesla began trading in 2010, short sellers have lost $55.4 billion in mark-to-market losses. Tesla is scheduled to report its first-quarter earnings later on Wednesday, which could add to short sellers' losses in the longer term.