A recent decline in Tesla’s share price has resulted in significant profits for short sellers, according to recent data. The exact figure is $16 billion, making it a substantial gain for those who have been betting against the electric vehicle manufacturer’s stock. This development highlights the complex nature of the financial markets and the potential risks associated with investing in high-profile companies like Tesla.
Source: https://www.ft.com/content/2f48ad1b-627d-4ab0-8358-fb45e642a9fe