"Tesla short sellers to make $1.4B profit as stock slumps after Musk-Trump feud"

Traders stand to make $1.4 billion in profits from shorting Tesla shares after Elon Musk’s plans for a new political party raised concerns about his commitment to the company. The stock dropped 7.5% in early trading following an open feud with Donald Trump. Short sellers could profit $1.4 billion at a $296 share price. Tesla shares have fallen 21% this year.

Read more at Yahoo Finance: Tesla short sellers set to pocket about $1.4B in profits after stock slump