Elon Musk beat the short sellers and Tesla gained new types of investors along the way, Credit Suisse says

Tesla Inc CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020.
Aly Song | Reuters

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Electric automaker Tesla proved the short sellers wrong this year and welcomed a flood of retail investors cashing in on the stock's huge rally in 2020, according to Credit Suisse. 

The Wall Street firm — which has a neutral rating on Tesla — said the many investors that shorted Tesla's stock have been burned, only to be outsmarted by the individual investors that appreciate Elon Musk's vision for the car company.