Short sellers make $15 billion betting against the stock

Düsseldorf The fall in the price TeslaShare is one of the biggest stories of fiscal 2022: Since the beginning of the year, shares in the electric car maker have lost almost two-thirds of their value, just before Christmas they reached their lowest level since September 2020 at $121.02.

Tesla shares also fell again in early trading on Tuesday. The carmaker reported that the assembly lines at the Tesla plant in Shanghai will largely stand still in December and January. Tesla did not give a reason for this. At the end of 2021 and 2022, the electric car manufacturer did not take any lengthy breaks in production. Demand for Tesla cars in China, the world’s largest auto market, has recently eased. The shares then traded more than six percent lower.

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