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How Tesla short-sellers lost nearly $8bn

There was a big-time loss following Donald Trump’s election victory, with a 38 per cent surge in shares of Elon Musk’s electric-car company

Words: Tom Ward

Elon Musk’s drift to the right has been startling to watch for some time now. Ditto his cosying up to president-elect Donald Trump. For the vainglorious entrepreneur, the writing – that being his political ascent – might have already been on the wall ahead of Trump’s triumph, especially as he helped put it there (and Trump back in the White House).

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How Tesla short-sellers lost nearly $8bn

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