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Tesla shorts make $15bn in 2022 as investors dump electric vehicle stocks

Tesla and Lucid Motors' share prices dropped by over 70% last year, leaving shorts in pole position

The world's largest electric-car maker is among a host of targets for short sellers
The world's largest electric-car maker is among a host of targets for short sellers Photo: John Thys/Getty Images

Short-sellers made billions last year as electric vehicle stocks were battered by an uncertain macroeconomic environment, negative investor sentiment, and lower-than-expected sales growth.

Tesla shorts collected $15.7bn in profits last year, according to ORTEX data, as shares in the world’s largest electric vehicle manufacturer lost more than 70% of their value.

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