Betting on falling shares of electric-car maker Tesla is expected to turn in profits of $17 billion this year, through short or sale deals.
This comes after Tesla shares are down as much as 70% so far this year, 42% of which came in December alone, making it the company’s worst annual performance ever.
Tesla investors have criticized its founder Elon Musk In recent weeks, due to his concern about the Twitter platform, in addition to the recent sale of more than two billion dollars of Tesla shares.
But Musk has urged Tesla employees not to be alarmed by the “craziness” in the stock market.
In an email to employees, he said Tesla would be “the most valuable player on Earth in the long run.”
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