Tesla short sellers set to pocket about $1.4 billion in profits after stock slump 7%
- Posted on July 7, 2025
- By Business News Today
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Tesla short sellers set to pocket about $1.4 billion in profits after stock slump 7%
Traders are set to make about $1.4 billion in paper profits from their short positions in Tesla shares on Monday after CEO Elon Musk's plans to launch a new U.S. political party heightened concerns about his commitment to the company's future.
