Reported about 1 year ago
Tesla's shares recently saw a nine-day winning streak, causing pressure on short sellers of the stock. S3 Partners managing director Ihor Dusaniwsky mentioned that Tesla short sellers have lost approximately $63 billion since the company went public in 2010. Dusaniwsky highlighted that Tesla is vital for many hedge funds due to the volatility it offers for profitable trading, although he expressed skepticism about investors' bullish calls on Tesla, emphasizing that it is a more technically, market-driven trade driven by long-term Tesla investors rather than the company's actual performance.
Source: YAHOO