In the third quarter, the delivery volume reached a new high, and Tesla (TSLA.US) short-termed to cry again. Provider Zhitong Finance

Tesla (TSLA.US) is causing more pain to short sellers, and many of them have begun to choose to give up.

Zhitong Finance APP learned that since March hit the 2021 low, Tesla’s stock price has risen 38%, causing short sellers to rush to cover their short positions. According to data from IHS Markit Ltd., as of last Thursday, the ratio of stocks borrowed by traders to the stocks available for trading (a standard indicator for measuring short interest rates) has fallen to 1.1%. This is the lowest level since Tesla went public in 2010.

The market’s pessimism towards Tesla’s stock has reached its peak in 2019, when Musk warned that the company would need to lay off employees and increase production to survive. Since then, as the market’s transition to electric vehicles has accelerated, Tesla has consolidated its advantage of being the first to enter the market, and the company’s share price has soared by 1182% since.

In addition, to make short sellers more painful, Tesla announced another record delivery quarter last weekend. It is reported that on October 2nd, Tesla stated that global car deliveries in the third quarter of this year reached 241,300 vehicles, which once again broke the historical record of 201,250 vehicles set in the second quarter.

As of press time, Tesla’s stock price rose 2.77% to $796.69 before the market was stimulated by the record delivery volume.

Wedbush analyst Daniel Ives described these numbers as “a big pride for the bulls.”

Ives said: “Although there are many competitors in the field of electric vehicles, Tesla continues to occupy market share, and while battling chip shortages, this has been proven again this quarter.”