Tesla (TSLA) short sellers haven’t exactly been obliterated. Two years after Elon Musk warned that anyone betting against Tesla would eventually get crushed, the stock’s decline has left short sellers sitting on roughly $9 billion in paper gains this year.
“Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated. Even Gates,” Musk wrote on July 2, 2024, on X (formerly Twitter).
