U.S. House considers merging CBDC issuance ban provision into market structure bill

Investors who bet against Tesla Inc. suffered their most painful defeat in months during the holiday season as the electric car-maker’s shares powered higher.

• The company’s stock has risen 13% in December, and more than 40% since early November.

Tesla’s recent run, which has been further fueled by the S&P 500’s decision to add the stock, has cost short sellers more than $35 billion in paper losses this month alone, according to data from financial-analytics firm S3 Partners. Short sellers bet against a stock by borrowing shares and selling them, with the hopes of buying them back at a lower price and profiting off the difference.