Tesla short sellers raked in $1 billion after Elon Musk revealed his personal struggles in an eye-opening interview (TSLA)

Elon Musk

  • Tesla short sellers received a sizable payday, hours after The New York Times published an eye-opening interview with an emotional Elon Musk, the electric-car company’s chief executive.
  • Investors betting against Tesla raked in about $1 billion on Friday.
  • The Times’ interview with Musk came out late Thursday night. In it, Musk lamented the many personal and professional challenges he has faced in the past year.
  • Musk’s admissions come after a tumultuous year at Tesla, but the CEO predicted that the pain isn’t quite over yet.

Tesla short sellers received a sizable payday hours after The New York Times published an eye-opening interview with an emotional Elon Musk, the electric-car company’s chairman and CEO.

The investors betting against Tesla raked in about $1 billion on Friday, The Times reported, citing data from the analytics firm S3 Partners. Shares closed down nearly 9% on the day, and dropped close to 1% lower in after hours trading, landing at $303.05 per share.

That means investors shorting Tesla on Friday recovered the majority of what they lost after Musk’s now-infamous August 7 tweet,

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