[Tavek]

Short sellers betting against Tesla lose more than $1 billion in single day as stock pops

Investors betting against Tesla lost more than $1 billion Wednesday, according to estimates from financial technology firm S3 Partners.
Tesla bears have lost nearly $5 billion in mark-to-market losses since 2016, S3 finds.
The electric car maker is one of the most heavily shorted stocks in the U.S., as well as the most heavily shorted automaker in the world.