Short sellers of Tesla are fortune of the actions that fall

• Short vendors are benefiting from the sale of Tesla as their shares continue to fall.
• They made more than $ 16 billion to shorten the share in the last three months, according to an S3 Partners analysis.
• The CEO Elon Musk previously mocked short vendors when the company’s shares were high.

Short sellers of the coverage fund are fortune of the actions of Tesla.

The merchants who bet the actions of the car manufacturer would reach $ 16.2 billion to shorten the action in the last three months, according to the data of the S3 Partners analysis firm, shared with Business Insider.

Tesla is now quoted more than 50% lower that its peak on December 17, losing more than $ 800 billion of its market capitalization, and deleting around $ 100 billion of the CEO ELON ALMIZCLENet Spidor

The short interest of Tesla is $ 16.67 billion, with more than 70 million shares in short, for S3. The company’s analysis showed that around 8.5 million shares worth $ 2 billion were shortened in the last 30 days.

Despite the profit, short vendors have still dropped $ 64.5 billion since the company was public in 2010.

Tesla did not immediately respond to a request for BI comments.

Musk has been a vocal critic of Short vendors And he and the company have mocked them in better days.

In April 2017, he made fun of them in X, then called Twitter, when Tesla’s shares increased almost 30% that year of record deliveries.

In November of that year, he told Rolling Stone that they were “idiots who want us to die”, that “they constantly try to invent false rumors and amplify any negative rumor.” “It is a great incentive to lie and attack my integrity,” he added.

In 2020, Tesla even began to sell red satin “shorts” with “S3xy” written on the back, while the stock continued to climb.

The action increased after the choice of Donald Trump to the White House in November. Musk had campaigned aggressively for his re -election.

But the action has collapsed in the midst of the fall of sales and a violent reaction to Musk’s political interventions. Industry data showed 11% Less Tesla records In the United States in January. The same month saw an annual 45% drop in sales in Europe.

The actions fell on Tuesday, since the actions Aimed at an eighth consecutive weekly loss.

The value of Tesla cars He has also taken a step. The average price of a tesla used is $ 10,000 less than that of an non -Tesla electric vehicle, BI reported previously based on data from the website of the Cargurus dealer.