Tesla Is The Most Shorted Stock $10.4 Billion

from: tesla

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.

Musk stands by Tesla

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? 

Read this next : Why Tesla is Going to Crash 

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