That's more than any other company.

Even if you don't own any Tesla stock, if you're a fan of electric vehicles you've probably been paying at least a little bit of attention to the rise and fall of TSLA. And, if you're into schadenfreude and like Tesla CEO Elon Musk, then you've probably been enjoying the losses that short traders are currently facing thanks to the stock's record-setting rise these past few months. According to Automotive News, the people who have been betting that Tesla will fail have lost a collective $3.7 billion in this year. Let's repeat that: people betting against Tesla and Musk have lost almost four billion dollars in the first four months of 2017. That's more than shorters have lost on any other U.S. company this year. Ouch.

The numbers come from a financial analytics company called S3 Partners. Automotive News says that S3 has calculated that there are $10.1 billion worth of short bets against Tesla right now, up from $8.7 billion a month ago. At the end of 2016, TSLA was worth $213.69. It closed at $318.89 yesterday. As Greenlight Capital funds wrote to its investors in late April, its short in Tesla was one of the fund's "biggest losers." As Ihor Dusaniwsky, S3 Partners' head of research, told AN, "You have your momentum guys riding this stock up and making a fantastic return, and the fundamental guys holding onto their shorts and building them and saying 'this can't continue' and waiting for the shoe to drop. It's one of your classic yin and yangs on Wall Street."

We have no idea where TSLA will go from here (and don't own the stock), but some think that a single share of Tesla might be worth $1,000 before too long. How much do people stand to lose then?

Source:Automotive News

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