Tesla is the most profitable short of 2022 as traders ‘hit overdrive’ on their bet against the EV maker following Elon Musk’s Twitter deal

• Tesla short sellers have bagged $15 billion in profits year-to-date, according to S3 Partners.
• Short sellers “hit overdrive” on pressing their bet against Tesla after Elon Musk bought Twitter. 
• “Short sellers have been backing up their TSLA short exposure for good reason, it is the most profitable short, in dollar value, of 2022,” S3 said.

Short sellers betting against Elon Musk and Tesla are having a banner year, according to a Wednesday research note from S3 Partners.

The firm said that Tesla is the most profitable short trade of 2022, with traders bagging $15 billion in mark-to-market profits year-to-date.