Tesla short sellers have lost $27B betting against Elon Musk this year

Intel stock is trading at its lowest point since May 2019. Bad news for shareholders, sure, but the company’s short sellers are likely over the moon — unlike Tesla’s. Intel stock fell nearly 14% in the 30 days preceding October 28, during which time the total value of the company’s shorts fell by nearly $1.35 billion, which is the biggest decrease of any top shorted stocks on the market. Short sellers bet that a company’s share price will fall, as opposed to going “long” on a stock believed to one day increase in value. Short sellers borrow shares to immediately sell when…

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