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A small reminder, via the team at IHS Markit, that Tesla’s blistering stock rally is probably leaving a trail of burnt fingers in its wake.
Shares in the electric carmaker hit a new all time record high of $313.73 on Monday and briefly propelled Tesla ahead of General Motors in terms of market value.
While the stock’s 45 per cent gain so far this year must be music to founder Elon Musk’s ears, they are proving to be a headache for investors who have been betting against the company’s shares.
According to Markit, almost 21 per cent of Tesla’s trade-able shares have been sold short.