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Tesla Buyout Would Add to Year of Pain for Short-sellers

(Reuters) It would be the ultimate black eye for short sellers. A buyout of electric carmaker Tesla Inc., led by entrepreneur CEO Elon Musk, would cap a painful ride for short sellers, who have amassed more than $13 billion in bets that the company will founder and deliver them a huge windfall. Instead, Tesla’s stock has surged more than 900 percent in five years, and this year alone losses have now topped $3 billion.

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