Short sellers have now lost $62 billion USD betting against Tesla

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In 2023, Tesla short-sellers faced significant challenges, experiencing a harsh year as their positions against the electric car manufacturer unraveled, resulting in a staggering loss of $12.2 billion. According to analytics firm S3 Partners, this marked the highest losses among short-sellers for any company in the previous year. The value of Tesla stock more than doubled throughout 2023.

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