Short Tesla? Feel the Heat of Elon Musk's Furnace With This Trade

Short Tesla? Feel the Heat of Elon Musk's Furnace With This Trade
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Bloomberg News reported earlier this week that these reductions are expected to impact 10% of Tesla's global salaried workforce and 3.5% of its total global workforce. Musk sat down for Tesla Owners Silicon Valley, which is a club for Tesla owners on May 31, and said, "Both Berlin and Austin factories are gigantic money furnaces right now." Separately, Tesla announced plans to suspend most production at the company's Shanghai facility for the first two weeks of July in order to upgrade the plant with a goal to produce 22K cars per week.