Traders have lost $7.6 billion betting against Tesla over the past month as the stock has surged

• Tesla has crushed short sellers over the past month as the stock soared 70%, according to S3 Partners.
• Hedge funds betting against Tesla lost $7.6 billion over the past 30 days, making it the least profitable short.
• Tesla stock has been on a tear so far this year after Musk cut prices and reiterated the company's growth targets.

Investors betting against Tesla stock have taken a beating so far in 2023 as the stock has soared as much as 110% from its January 6 low.

The losses for short-sellers betting against Elon Musk's electric vehicle company have ballooned to $7.6 billion over the past month, making it the least profitable short position for hedge funds, according to data from S3 Partners.