{"id":158031,"date":"2023-02-14T22:22:50","date_gmt":"2023-02-15T04:22:50","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/02\/traders-lost-7-6-billion-betting-against-tesla-over-the-past-month-as-stock-surged"},"modified":"2023-02-14T22:22:50","modified_gmt":"2023-02-15T04:22:50","slug":"traders-lost-7-6-billion-betting-against-tesla-over-the-past-month-as-stock-surged","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/02\/traders-lost-7-6-billion-betting-against-tesla-over-the-past-month-as-stock-surged","title":{"rendered":"Traders lost $7.6 billion betting against Tesla over the past month as stock surged"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/traders-lost-7-6-billion-betting-against-tesla-over-the-past-month-as-stock-surged2.jpg\"><\/a><\/p>\n<p>The losses for short-sellers betting against Elon Musk\u2019s <a class=\"\" href=\"https:\/\/www.autoblog.com\/electric\/\" data-ylk=\"elm: context_link;itc:0;pos:1;sec: donut-hole;cpos:2;\" data-rapid_p=\"5\" data-v9y=\"1\">electric vehicle<\/a> company have ballooned to $7.6 billion over the past month, making it the least profitable short position for hedge funds, according to data from <a class=\"\" href=\"https:\/\/www.autoblog.com\/audi\/s3\/\" data-ylk=\"elm: context_link;itc:0;pos:1;sec: donut-hole;cpos:3;\" data-rapid_p=\"6\" data-v9y=\"1\">S3<\/a> Partners.<\/p>\n<p>The <a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/lucid-motors-stock-market-outlook-price-rally-tesla-elon-musk-2023-2?utm_medium=referral&utm_source=yahoo.com\" data-rapid_p=\"7\" data-v9y=\"1\">swift one-month surge in Tesla stock<\/a> has wiped out about half of the gains short-sellers made last year betting against the company. At the end of December, <a href=\"https:\/\/www.businessinsider.com\/short-sellers-made-15-billion-betting-against-tesla-shares-2022-12?utm_medium=referral&utm_source=yahoo.com\" data-rapid_p=\"8\" data-v9y=\"1\">short-sellers had made a $15 billion profit<\/a> in 2022, making <a class=\"\" href=\"https:\/\/www.autoblog.com\/tesla\/\" data-ylk=\"elm: context_link;itc:0;pos:1;sec: donut-hole;cpos:6;\" data-rapid_p=\"9\" data-v9y=\"1\">Tesla<\/a> the most profitable short of the year.<\/p>\n<p>Shares of Tesla have been on a rollercoaster following vehicle price cuts and a weaker-than-expected <a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/tesla-stock-buy-recommendation-q4-earnings-report-musk-tsla-canaccord-2023-1?utm_medium=referral&utm_source=yahoo.com\" data-rapid_p=\"10\" data-v9y=\"1\">fourth-quarter delivery number.<\/a> But on the company\u2019s most recent earnings call, Musk reaffirmed the company\u2019s long-term growth target of 50%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The losses for short-sellers betting against Elon Musk\u2019s electric vehicle company have ballooned to $7.6 billion over the past month, making it the least profitable short position for hedge funds, according to data from S3 Partners. The swift one-month surge in Tesla stock has wiped out about half of the gains short-sellers made last year [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,45,17,1491],"tags":[],"class_list":["post-158031","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-finance","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/158031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=158031"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/158031\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=158031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=158031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=158031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}