Tesla Short Sellers covering like crazy

Tesla short sellers are buying shares to cover their short positions like crazy — but the short burn hasn’t even begun.

Tesla is the most shorted stock on the market. With the drop from around 45 million shares shorted to around 30 million shorts have decreased the size of their position by about a third, after accumulating over $6 billion in mark to market losses.

That means that since 2016 alone, Tesla short sellers have lost more money than Tesla has in its entire history. Talk about burning cash on a useless idea…

Damn shawty. Get ready — the worst is yet to come.

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