Posted Dec 26 2022 at 7:00 amUpdated Dec 26. 2022 at 8:44 am
Short sellers on Tesla are finally smiling. After having heavily disillusioned in past years, they’ve earned at least $15 billion this year, according to analytics firm S3 Partners. It is that the market capitalization of the darling of the markets has lost nearly 65% of its value since the start of 2022. That is a trifle of 700 billion dollars: more than the value of Toyota, Mercedes Benz, Volkswagen, Stellantis, General Motors and Ford together…
More than a year after his November 2021 peak , where it had exceeded 380 dollars, the stock price of the pioneer of the electric car has literally melted to 125 dollars these days. It would certainly have been difficult for him to maintain himself for very long at the stratospheric and irrational level reached at the time. “But the extent of the fall is still surprising! admits Philippe Houchois, financial analyst at Jefferies.