Short sellers make $16bn profit from Tesla’s share price plunge

Read more at Financial Times
Topics
-
Tesla shares plunge 15%, steepest drop in five years
Tesla’s selloff on Wall Street intensified on Monday, with shares of the electric vehicle maker plunging 15%, their worst day on the market since September 2020.NBC News - Mar. 10 -
Trump promises to buy a Tesla after electric-car maker’s shares tumble
US president’s late-night social media post follows company’s 15% share price dropFinancial Times - Mar. 11 -
Tesla’s Letter to the Trump Administration, Tariffs and a Market Meltdown
Even Elon Musk’s electric vehicle maker is bracing for pain from the trade wars, as stocks fall into correction territory.The New York Times - 4d -
Tesla warns Trump administration it is ‘exposed’ to retaliatory tariffs
Elon Musk’s electric-car maker says levies could make it costlier to produce vehicles in the USFinancial Times - 5d -
China Cools on Musk: ‘Two Cars for the Price of One Tesla’
Elon Musk, the company’s chief executive, is fast losing out to Chinese electric carmakers in Tesla’s second-most-important market.The New York Times - 5d -
Can Trump and Musk Convince More Conservatives to Buy Teslas?
President Trump rallied support for Elon Musk’s car company, but there may not be enough conservatives willing to buy electric cars to make up for the Democrats who now shun Teslas.The New York Times - 4h -
Tesla faces backlash over Elon Musk's ties to Trump and far-right support
Tesla shares have plunged more than 47% since President Trump's inauguration as criticism mounts over Elon Musk's involvement in the administration and his statements backing far-right views. ...CBS News - Mar. 11 -
Trump says he’s buying ‘brand new’ Tesla to support Musk
President Trump said he would be buying a “brand new” Tesla to support his senior adviser Elon Musk, as the stock market shows shares of the electric car company tumbling. “To Republicans, ...The Hill - Mar. 11 -
Rage Against Elon Musk Turns Tesla Into a Target
The backlash against the electric vehicle company has turned violent at times, as its billionaire chief executive parlays his support for President Trump into consequential influence over the ...The New York Times - Mar. 9
More from Financial Times
-
Putin agrees 30-day halt to strikes on Ukrainian energy infrastructure in call with Trump
Russian president sticks to tough demands for overall ceasefire and end to warFinancial Times - 29m -
Will Israel return to a full-scale war in Gaza?
Deadly bombardment has strengthened Netanyahu’s far-right coalition but drawn the ire of hostages and their familiesFinancial Times - 1h -
Will anybody buy a ‘Mar-a-Lago accord’?
The US president wants both to protect domestic manufacturing and hold the dollar as the reserve currencyFinancial Times - 3h -
The US establishment is scared of its own shadow
Fear and muddled thinking are stopping Trump’s opponents from acting in defence of a democracy in perilFinancial Times - 8h -
US Chief Justice rebukes Trump after president’s threat to impeach judges
John Roberts issues rare statement to say attacks on judicial branch of government are not ‘appropriate’Financial Times - 2h
More in Business
-
U.S. Treasury prices rally as risk-off theme prevails in stocks
U.S. government debt rallied on Tuesday, pushing yields lower for the day, as risk-off sentiment took hold in the stock market and the Federal Reserve’s two-day policy meeting got underway.MarketWatch - 10m -
Trump Tariffs Unsettle Farmers, but They Have Their Own Fair Trade Complaints
When the U.S. trade representative asked for examples of unfair trade, agriculture interests had plenty, but also politely warned about what a trade war could do to them.The New York Times - 12m -
Oil ends lower after Russia agrees to cease-fire on Ukraine’s energy infrastructure
Oil futures finished with a loss on Tuesday as Russia’s temporary cease-fire on Ukraine’s energy infrastructure lifted the possibility that the U.S. will ease sanctions on the flow of crude from ...MarketWatch - 14m -
Trump and Putin agree on 'energy and infrastructure ceasefire' as step to Ukraine peace deal
Ukrainian President Volodymyr Zelenskyy last week said that Kyiv would agree to a broader 30-day ceasefire if Russia also signed.CNBC - 16m -
Federal Housing Agency Braces for Deep Job Cuts
William Pulte, the new director of the Federal Housing Finance Agency, is consolidating control over Fannie Mae and Freddie Mac and questioning employees’ productivity.The New York Times - 19m