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Short seller: bet on Tesla’s share price crash

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2021 is the year when almost every family in the United States is familiar with the term “short seller”.

Correct GameStop (NYSE: GM) The short-term squeeze, driven to a certain extent by greed and dissatisfaction, has become an unforgettable cultural moment. For many people who bought GME stock in this populist clamor, this is the first time they have heard the term “short seller.” No one is more enthusiastic about putting shorts on his knees than Elon Musk. Elon Musk saw a storm of support in the process of pushing GameStop higher. Musk runs Tesla, one of the most controversial companies, and has been the focus of short sellers for many years.

Now, after losing tens of billions of dollars, Tesla’s short sellers seem to have given up. Although this stock is still controversial (Bloomberg data shows that among the 41 analysts studying Tesla, 15 are buying, 14 are holding, and 12 are selling-the number of recommendations for buying and selling The difference is very small), but most of the short positions have disappeared.

According to “Barron’s Weekly”, even David Einhorn, who is short on Tesla’s Greenlight Capital (Greenlight Capital), seems to have changed from a large-scale short to a small short (“Barron” Wrote that Greenlight Capital did not respond to reporters’ request for comment on its position).

Today, Tesla’s short-term interest rate is about 6%, which is higher than the average, but far below the astonishing level of 25% three years ago. However, although the bears may have taken a winter break, some people say that given Tesla’s valuation, the negators who bet on Tesla’s share price will not disappear.