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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Tesla Short Sellers Make $1.4B in Profits on the Stock Price Crash, Musk's Net Worth Drops $15.3B

Tesla Inc. Elon Musk United States Donald Trump Bill Gates Dan Ives Warren Buffett

Tesla (NASDAQ:TSLA) stock price fell 6.79% on Monday to £216.50 ($293.94) per share after CEO Elon Musk announced his plans to form a political party. Musk's decision to retain a political role despite investor concerns over Tesla's future, combined with an ongoing clash with US President Donald Trump over the 'One Big Beautiful Bill,' are among the factors that led to a drop in the EV maker's stock price.

Short sellers who bet against Tesla are expected to make profits of almost £1.03 billion ($1.4 billion) from the latest stock price decline, according to analytics firm Ortex.

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