Fresh off their most profitable year ever, short sellers targeting Tesla Inc's stock are heaping more pressure on the electric vehicle maker led by Elon Musk.
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Tesla short sellers pile on pressure after most profitable trade in 2022
Fresh off their most profitable year ever, short sellers targeting Tesla Inc's stock are heaping more pressure on the electric vehicle maker led by Elon Musk. Traders who aim to profit by selling borrowed shares and hoping to buy them back later at a lower price have increased their short positions on Tesla to about 79 million, according to data from analytics firm S3 Partners. That is up almost 4%, or $325 million worth of new short sales, over the last 30 days, the data showed.
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