Traders Betting Against Tesla Take A Hit

Tesla is one of the hottest stocks on the U.S. Stock Exchange.

Data from S3 partners analytics firm say traders betting against Tesla are down $25.4 billion in mark-to-market losses.

Business Insider reports that short-seller lost billions after a rally that sent Tesla up 390% this year.

Still, short-sellers are not deterred.

Tesla is still the top short in the US market.

Investors bet $21.3 billion against the company, according S3.