Tesla shorts are having a much, much better year than in 2020
CNN
Those betting against Tesla shares are doing very well so far in 2021, following a disastrous 2020, as shares have lost about a third of their value over the last four months. There just are fewer people shorting the stock this time around.
Investors who want to bet on a stock dropping in value will do what is known as shorting the shares. Sometimes they do that by buying what is known as a "put option," which give investors the right to sell a stock at a specified price. While shorting a stock pays off if the stock price falls, it can cause unlimited losses if the stock price climbs. And in 2020, when Tesla (TSLA) shares soared 743%, it resulted in unprecedented $40 billion in losses for those shorts, according to analysis by S3 Partners.More Related News
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