In the past three months, Tesla's share price has nosedived, resulting in hedge funds reaping profits of $16.2 billion through shorting the stock. According to the Financial Times, the market capitalization of the American electric vehicle manufacturer has contracted significantly during this period, enriching those hedge funds that bet against Tesla. However, since Tesla's listing in 2010, short sellers have collectively incurred losses totaling $64.5 billion. This steep decline in share price has garnered substantial market attention, and investors are now approaching Tesla's future prospects with caution.
