Short-sellers make $15 billion betting against Tesla as shares in Elon Musk's company sink by 70% this year

Dec 25 2022 by Business Insider

 
Elon Musk is no longer the world's richest person as Tesla shares keep sliding.

Carina Johansen/Getty Images; Jeremy Moeller/Getty Images

Investors made $15 billion by betting that shares in Tesla would fall this year, per S3 Partners. The value of Elon Musk's company has sunk by almost 70% from its November 2021 peak. Musk has refused to draw a link between Tesla's decline and his takeover of Twitter.

Short-sellers made $15 billion this year betting that shares in Tesla would fall, as about...

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