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Short Squeeze Costs Tesla Shorts $40 Billion in 2020

Danny Vena, The Motley Fool
·2-min read
Short Squeeze Costs Tesla Shorts $40 Billion in 2020

Tesla (NASDAQ: TSLA) was one of the undisputed winners of 2020, with the stock gaining 743% over the course of the year. There were a number of factors that contributed to the electric car maker's surging stock price, including five successive quarters of profits, induction into the S&P 500 Index, and a well-received stock split. Short sellers lost a combined $245 billion last year, with Tesla costing shorts more than the next nine stocks combined.