So far in 2022, investors shorting Tesla have earned about US $8.2 billion (about RMB 54.6 billion). In previous years, short sellers suffered heavy losses because Tesla's share price exceeded expectations. According to the data provided by the data provider ortex, the short sellers also got a return from the broader market selling this year, and obtained $62.5 billion of realized and unrealized gains from the Nasdaq 100 index dominated by technology stocks.
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In 2022, as inflation soared and the central bank raised interest rates, the stock market fell sharply. Russia's military action against Ukraine made the stock market even worse.
Technology stocks were particularly hard hit. As of the close of last Friday, the Nasdaq 100 index fell 22% and Tesla fell about 28%. Previously, technology stocks had benefited from the stimulus plan in the era of COVID-19, and their shares soared.
According to the data of ortex, in addition to making profits from Tesla, short sellers also made $3.8 billion by shorting Amazon and $3.7 billion by shorting Facebook Apple Earned $3.5 billion. These data cover realized and unrealized gains as of last Thursday's close. But on Friday, Tesla shares rose 7.3% and Nasdaq 100 index rose 3.3%, which may erode the profits of short sellers to some extent.