Here’s more bad news for Tesla CEO Elon Musk — as if he needs any.
Investors who took short positions in Tesla stock have made an $11.5 billion profit so far this year, according to Wall Street analytics firm S3 Partners, as Tesla shares lost about half their value. That’s a nearly 60% return on the $19.6 billion invested in short positions on Tesla this year. And it’s a nearly 180-degree reversal in how they did in 2021, when their short positions resulted in a combined $10.3 billion loss, after Tesla shares rose 50%. And let’s not forget the $40.
2 behind only Apple\n \n , which has short positions of about $17 billion. But while Apple\n \n shares have also dropped, those shorting its shares have made a far more modest $3.7 billion this year, according to S3. No CEO likes investors who short their stock, but Musk seems to be particularly angered by them.
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