Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Tesla Short Sellers Mint $4 Billion Profit as Shares Nosedive
Business & Finance

Tesla Short Sellers Mint $4 Billion Profit as Shares Nosedive

Bloomberg Markets Thursday 23 July 2026, 18:04 UTC By Jordan Fitzgerald 1 min read
Key Points

Tesla Short Sellers Mint $4 Billion Profit as Shares Nosedive The deep plunge in Tesla Inc.’s stock on Thursday is turning into a major payday for its short sellers. Shares of Elon Musk’s electric-vehicle maker fell as much as 15% Thursday, their worst intraday drop in more than a year, after second-quarter profit missed expectations and reignited concerns about the company’s artificial intelligence and robotics ambitions.

Tesla Short Sellers Mint $4 Billion Profit as Shares Nosedive The deep plunge in Tesla Inc.’s stock on Thursday is turning into a major payday for its short sellers. Shares of Elon Musk’s electric-vehicle maker fell as much as 15% Thursday, their worst intraday drop in more than a year, after second-quarter profit missed expectations and reignited concerns about the company’s artificial intelligence and robotics ambitions.
Tesla Short Sellers Mint (ORG) Tesla Inc.’s (ORG) Elon Musk’s (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

As the S&P 500 sells off, traders eye key 'risk pivot' level

Crude oil is rallying, bonds are selling off, and the stock market is under pressure. Investors sold Big Tech stocks after earnings and the 10-year Treasury yield just touched 4.7%, the highest since January 2025. In many ways it looks like the setup from March that presaged a monthlong sell-off in stocks as the Iran war escalated beyond investor expectations.

CNBC 9m ago

Interest rates don't just hit households. Small business is feeling the pinch

Small businesses shop around for more credit as economic pressures mount Fri 24 Jul 2026 at 4:58am In short: Small-to-medium sized businesses have had a challenging year, after facing rising fuel prices, interest rates and inflation on top of regulatory reforms such as pay day super, changes to credit card surcharges and the abolition of junior pay rates. Insolvency rates are beginning to rise, credit shopping is up and more owners are exiting businesses. The small business council is...

ABC Australia 15m ago

US trade chief warns Google fine could threaten Turnberry deal

U.S. Trade Representative Jamieson Greer on Thursday accused the European Union of creating renewed instability in the transatlantic trade relationship after it slapped a $1 billion on Google. European Union regulators found the U.S. internet search giant unfairly boosted its own shopping, hotel, transportation and sports results relative to its competitors and restricted app developers’ communications with users in its Play Store, running afoul of the bloc’s Digital Markets Act. The...

Politico EU 20m ago

These 16 states are offering tax holidays as back-to-school costs soar to over $800 per student

As inflation continues to squeeze household budgets, parents and students are on a mission to find back-to-school bargains.

MarketWatch 23m ago