Tesla short sellers lose over $5 billion in days

Tesla Inc. (NASDAQ: TSLA), a prominent player in the electric vehicle (EV) sector, has witnessed a significant uptick in its stock value in recent times.According to data provided by S3 Partners, Tesla’s short sellers have encountered substantial losses, exceeding $5 billion over the past five days. This decline in short positions coincides with a notable surge of nearly 40% in Tesla’s stock price following the release of the company’s latest quarterly results.Amidst the ongoing surge in Tesla’s stock price ...