Elon Musk’s Twitter Takeover Has Turned Tesla Into 2022’s Most Profitable Short

Short sellers targeting the electric car company are in the black on an annual basis for the first time since 2015.

Illustration by II

Illustration by II

When Elon Musk ran a poll on Twitter this past weekend asking if he should step down as CEO of the social media company amidst a storm of controversy, short sellers weren’t sure whether to applaud — or cry.

One Tesla shortseller, who goes by @MidwestHedgie on the social media site, posted a cartoon of a man wiping a sweating brow.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.