With the shares rallying 17% in the two trading days since the second-quarter report, short sellers have lost an estimated $3.5 billion on a mark-to-market basis, according to data from S3 Partners.
It's been a painful few months for short sellers, as Tesla shares have soared 73% since bottoming for the year in April.
Short interest in Tesla currently stands at 3.5% of float, or 97 million shares shorted, with a $22.4 billion notional value.
While the deliveries report suggested demand for Tesla vehicles remains stronger than feared, it offered a limited view into company performance.
In the U.S., Tesla offered a three-year, 2% APR financing deal for buyers of its rear-wheel drive Model 3.
Persons:
Tesla, Patrick Pleul, PATRICK PLEUL, It's
Organizations:
Getty, S3 Partners
Locations:
Gruenheide, Berlin, Germany, Norway, China, U.S