Tesla ( TSLA 9.06%) stock continued putting pedal to metal as stock markets reopened for business Monday. Through 12:20 p.m. ET, the electric car leader gained 7.3%, bringing total gains since Donald Trump won reelection (with Elon Musk's support) to a staggering 37%.

Investors betting against Tesla have lost $7.8 billion since Donald Trump's election win last week. That's according to data from S3 Partners, which told Business Insider in an email that on Monday that Tesla short-sellers are reeling from the electric vehicle maker's 38% post-election surge.

Tesla runs out of gas. The only piece of news that would have directly weighed on the stock was Hertz's announcement that it continues to see weak demand for EVs and will sell 30,

Tesla shares surged on Wednesday after former President Trump secured a return to the White House, with Tesla CEO Elon Musk a prominent supporter of his campaign and agenda.

Tesla stock’s remarkable postelection rally continued Monday.Shares of the electric-vehicle closed up 9% at $350 on Monday while the S&P 500 and Dow Jones Industrial Average rose 0.1% and 0.7%, respectively.

As Tesla stock continues its rally on the heels of Donald Trump’s election win, short-sellers are feeling the pain.