Tesla Stock Plummets Over 14% Amid Tech Sell-Off, Short Sellers Gain Billions
Tesla shares dropped sharply by around 14-15%, causing significant profits for short sellers who gained $4.1 billion in one day. This decline contributed to a broader technology sector sell-off, dragging the Nasdaq down by 2.2% and impacting major U.S. stock indices including the Dow Jones and S&P 500.