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https://electrek.co/2020/07/10/tesla-tsla-short-bet-bloodbath/

Tesla (TSLA) facing unprecedented $20 billion short bet – potential bloodbath?

2020-07-10 00:00:00, Fred Lambert, Electrek

Content Categorization
/Autos & Vehicles/Motor Vehicles (By Type)

Word Count:
639

Words/Sentence:
43

Reading Time:
4.26 min

Reading Quality:
Intermediate

Readability:
11th or 12th

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Tesla (TSLA) is facing an unprecedented $20 billion short bet against its stock.

Traders can expect a squeeze on their shoulder from their controllers to trim or close out their positions as their Tesla losses breach risk limits.

Therefore, he argues that Tesla's stock (TSLA) might experience another short squeeze if the stock keeps climbing.

Short sellers have bought-to-cover 1.70 million shares, worth $2.32 billion, over the last month as Tesla's stock price rose +44%.

Tesla continues to be the largest equity short in the domestic market with $19.2 billion of short interest.

Could it potentially turn into a bloodbath?

For years now, Tesla has been a popular target of short sellers, who are people who bet against stocks and benefit if they go down.

With the automaker's stock having a meteoric rise over the last few months, CEO Elon Musk has been taunting those people betting against the company.

Now we get actual data on the short interest on Tesla's stock, thanks to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.

Dusaniwsky says that Tesla short interest is about to reach $20 billion for the first time:

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