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.
Sponsor
Find a Vetted Financial Advisor
- Finding a fiduciary financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 financial advisors that serve your area in 5 minutes.
- Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. Get on the path toward achieving your financial goals!
