It is expected that bets on the decline in shares of Tesla, the electric car maker, will make profits of $ 17 billion this year, through short selling or selling operations.
This comes following Tesla shares fell by up to 70% since the beginning of the year, 42% of which came in December only, making it the company’s worst annual performance ever.
Tesla investors have criticized its founder Elon Musk In recent weeks, as a result of his preoccupation with the Twitter platform, in addition to selling shares in Tesla for more than two billion dollars recently.
But Musk urged Tesla employees not to be alarmed by the stock market’s “madness”.
In an email to employees, he said Tesla would be “the most valuable player on earth in the long run”.