Tesla's stock price falls, short selling investors gain $4.12 billion on paper in a single day

According to MSX.COM data, Tesla's stock price closed down more than 14%, and its second quarter profit fell short of expectations. Ihor Dusaniwsky, Managing Director of S3 Partners, stated that this round of selling allows investors who bet on a decline in Tesla's stock price to potentially earn around $4.12 billion in daily mark to market profits. S3 data shows that approximately 3% of Tesla's shares have been sold short.