• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Future Tech Electric Vehicles

$38 billion were lost by traders who shorted Tesla in 2020

by Reshab Agarwal
January 2, 2021
in Electric Vehicles, Future Tech, News, Trending
Reading Time: 2 mins read
0
Tesla Model 3 accounted for almost 1/3rd of UK’s EV sales
TwitterWhatsappLinkedin

2020 was a bad year, but it was even worse for those who shorted Tesla. Reports suggest that traders lost around $38 billion in an attempt to pull down the company’s share prices. In the last year, Tesla’s share grew by over 700%, and hence this news seems to be obvious. This has also resulted in the tremendous growth of Elon Musk’s net worth, making him the 2nd richest person in the world.

You might also like

Weekly Startup Funding News: Indian startups raised $80 Mn this week; from Zuppa to CureFit

Inside SpaceX Starbase’s Worker Injury Surge

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

Losses faced by traders who shorted Tesla

Tesla shares were trading at around $100 at the beginning of 2020, and now it is at $700. It is clear that the growth was huge, and so were the profits and losses faced by traders. Talking about the losses, around $38 billion was lost by people who tried to drive the price of the share down by shorting it. Do note that the next big loss faced by shorters was Apple at $7 billion, which is just 1/5th of Tesla.

Fun fact: The managing director of S3 partners who published the report said that this is the largest loss figure faced by shorters he has ever seen.

$38 billion loss faced by traders who shorted Tesla in 2020
Image Source: Tesla’s Brand Believers

The losses faced by traders weren’t only by retailers but also had some big names. A reason cited by S3 partners behind this huge loss faced by shorters is the mentality of its shareholders. He said that most of the retailers love Tesla and will never short it. And now that the company has also been included in the S&P 500 index making it even more difficult for shorters to pull its price down.

Growth of the EV market and Tesla

Tesla is now the biggest player and innovator in the Electric Vehicle market. And the adoption of Electric vehicles has also increased significantly over the past few years. These two things combined resulted in hand in hand growth of the company and the market. Since the company is not demand constraint, it is also building more factories in different places to match the requirement. At this point, their investors are happy, their customers are happy, and so the company is flourishing.


One thing that you might have learned and noted from this article is don’t short Tesla. Well, for now at least that seems to be the best move. What are your thoughts on the same? Do let us know in the comments below. Also, if you found our content helpful do like and share it with your friends.

Also Read: Drone delivery might become a reality in the US very soon

Tweet54SendShare15
Previous Post

Drone delivery might become a reality in the US very soon

Next Post

Tesla to deliver Model Y SUVs made in China this month

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Weekly Startup Funding News: Indian startups raised $80 Mn this week; from Zuppa to CureFit

by Ishaan Negi
July 19, 2025
0
Weekly Startup Funding News: Indian startups raised $196 Mn this week; from Emiza to Leap

In this article, we delve into the key highlights, trends, and developments from India’s startup ecosystem between July 14 and July 19, 2025 — a week marked by...

Read more

Inside SpaceX Starbase’s Worker Injury Surge

by Anochie Esther
July 19, 2025
0
Starbase

SpaceX’s Starbase facility in Texas is the nerve center of one of the most ambitious aerospace projects in history the development of the Starship rocket, a fully reusable...

Read more

Microsoft Shuts Down Movies & TV Store on Xbox and Windows

by Anochie Esther
July 19, 2025
0
Microsoft

In a move that has caught many users off guard, Microsoft has officially shut down its Movies & TV store on Xbox consoles and Windows PCs. As of...

Read more
Next Post
Tesla to deliver Model Y SUVs made in China this month

Tesla to deliver Model Y SUVs made in China this month

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?