Tesla is now the most shorted stock in the US . Tesla shares are up 70 percent year-to-date, at the same time established automotive companies like Ford and GM shares have sunk.
According to an Investopedia article that cited data which shows the short interest in Tesla totals about $10.4 billion.Musk’s caption for the article was “could be worse.”
This sets up a high stakes battle between Musk and Tesla, against short-sellers who are betting the shares will fall in value. Any mistake in Model 3 production and launch by Tesla could set of a Tesla stock crash and the short sellers will make a tonne of money.
Comment below if you would short Tesla and why?
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