Tesla Stock Plunges 14% on Missed Q2 Earnings, Shorts Gain $4.1B
2026-07-24 07:57

Woofun AI reports that Tesla shares closed down more than 14%, driven by second-quarter earnings that missed expectations and renewed skepticism regarding its artificial intelligence and robotics strategies. Ihor Dusaniwsky, Managing Director at S3 Partners, indicated that this decline generated approximately $4.12 billion in single-day mark-to-market profits for investors holding short positions. Data from S3 reveals that roughly 3% of Tesla's outstanding shares are currently sold short.

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Ihor Dusaniwsky
S3 Partners
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