$Tesla Motors(TSLA)$ shares have rallied 7.2% in the last five days, but Tesla continues to be one of the most profitable stocks in the market for short sellers.
ORTEX Analytics released its monthly Short Interest Insights report this week and said Tesla was the most profitable stock in the market for short sellers for the second straight month in November.
ORTEX estimates Tesla short sellers generated $2.37 billion in profits last month. Tesla's stock price is down 51.7% year-to-date in 2022, and the selling pressure has intensified in the last two months as investors fear potential financial fallout from Tesla CEO Elon Musk's chaotic $44-billion takeover of Twitter.
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