Tesla Stock Plunges, Short Sellers Poised for Over $4 Billion in Single-Day Paper Gains
2026-07-23 23:57
According to data from MSX.COM, Tesla's stock price closed down more than 14%. This followed the company's second-quarter profits falling short of expectations, once again raising concerns about its ambitions in artificial intelligence (AI) and robotics. Ihor Dusaniwsky, Managing Director at S3 Partners, stated that this sell-off could grant investors betting against Tesla's stock a single-day mark-to-market profit of approximately $4.12 billion. S3 data shows that about 3% of Tesla's shares are sold short.
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