Those sensational headlines. TSLA is 22% below the peak 3 trading days ago. Can we have a silly headline like this, given the change in market cap?
> TSLA bulls lose $38B in 3 days.
> TSLA bulls lose $38B in 3 days.
You don't have to cover your shorts unless you breach a limit that the brokerage has set. That limit is based on how much liquidity you have. I suspect the majority of the shorts that can continue to hold their position are still shorting hoping to get out at a better price.