Tesla Shorts to Amass First-Ever $20 Billion Bet Against a Stock
- Short interest in the shares is on verge of milestone, S3 says
- Tesla and Nikola both appear to be short-squeeze candidates
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Tesla Inc.’s skeptics are undeterred by Elon Musk poking fun at them over the carmaker’s stock surge, with the amount of shares being sold short heading for a milestone.
The Model 3 maker’s stock is poised to be the first to hit a short-interest level of $20 billion, according to research firm S3 Partners. The value of shares that have been sold short has climbed recently to $19.95 billion.