Short Sellers Have Made $12 Billion Betting Against Tesla

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, reports that short sellers have made $12 billion betting against Tesla stock in 2024—more than on any other company, including Nvidia. McIntyre attributes this to Elon Musk’s political associations, increased competition in the EV market, and growing investor skepticism. As global rivals like Hyundai and BMW enter the scene, Wall Street continues to challenge Tesla’s dominance.