Stock market, baby: Tesla crashes, short sellers rejoice: How far will the stock fall?

Cashing in on Tesla despite the falling share price: Short sellers have earned billions from the recent price losses in Tesla shares.

Summarized for you

Around $1.4 billion: That's how much short sellers gained from the falling Tesla stock. The reason for the slump: Elon Musk announced his intention to found his own political party following the recent dispute with US President Donald Trump.

Shareholders didn't like this at all: On Monday, the stock plummeted by 6.8 percent. In a memo over the weekend, Tesla and tech bull Dan Ives demanded that the board rein in Musk's political activities. Musk responded promptly, ranting: "Shut up, Dan!"

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Written by Krischan Orth