"Short Sellers Endure $195 Billion Loss in 2023, with Tesla Leading the Painful Bets"
In 2023, short sellers betting against Tesla incurred the highest losses compared to any other company, totaling $12.2 billion. Despite Tesla's stock value doubling and the overall market performing well, with the S&P 500 up 22%, short sellers faced significant challenges, particularly with Tesla, which remains a contentious stock due to its high valuation relative to sales and market capitalization. Critics continue to debate Tesla's future, with some expecting a downturn due to various business challenges, while supporters see it as a disruptive tech company rather than just an automaker. Elon Musk, known for his disdain for short sellers, has had a contentious relationship with them, often accusing them of spreading misinformation.