Tesla stock declining after Elon Musk warned short sellers that their position would soon 'explode'
It's been two weeks and four days since Tesla CEO Elon Musk warned short sellers their position would soon blow up. "They have about three weeks before their short position explodes," Musk tweeted on June 17, which leaves just three days until his hinted deadline. Since then, Tesla's stock price has declined more than 15 percent. He later doubled down on the warning on June 27, saying bears like Goldman Sachs were in for a "rude awakening."
