Tesla short sellers set to pocket about $1.4 billion in profits after stock slump
The company's shares slumped 7.5% in early trading after Musk's political move, which followed an open feud with Donald Trump over the U.S. president's tax-cut and spending bill.
At a price of $296, investors betting against the EV-maker are on tack to make about $1.4 billion in profits, according to data analytics firm Ortex.
Short sellers had clocked more than $4 billion in profits on June 5, a day when Tesla saw its biggest single-day drop in market value after Trump and Musk's discord erupted into an all-out social media brawl.
Tesla's shares fell 7.5% at $291.50, having lost more than 21% so far this year.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mail
an hour ago
- Daily Mail
Tucker Carlson makes bombshell allegations about Jeffrey Epstein as MAGA civil war rages over 'client list'
Tucker Carlson claimed Jeffrey Epstein was an Israeli agent who blackmailed US politicians on Friday while addressing a political gathering for young voters in Florida. The former Fox News host issued his wild conspiracy theory about Epstein as MAGA implodes over the Trump administration's handling billionaire's so-called 'client list.' 'The real question is, why was he doing this, on whose behalf, and where did the money come from?' the 56-year-old Republican firebrand asked. 'And those are the questions that need to be answered. And I think it's entirely fair to ask them.' While addressing the ring-wing crowd, Tucker brought up the Department of Justice (DOJ) recently declaring Epstein's 'client list' never existed. Attorney General Pam Bondi has come under fire for the call she made earlier this week, when she also squashed speculation that Epstein's 2019 jail cell death was anything other than a suicide. Carlson denounced the DOJ's findings, going on to share his own theory about Epstein's sinister scheme. He explained that he believes Epstein, 66, was employed by Israel's intelligence service, Mossad. Carlson questioned where all of the billionaire's wealth came from, going from a math teacher to 'having multiple airplanes, a private island, and the largest residential house in Manhattan.' 'And no one has ever gotten to the bottom of that because no one has ever tried. And moreover, it's extremely obvious to anyone who watches, that this guy had direct connections to a foreign government,' he claimed. He said the reason Epstein's connection to the Middle Eastern nation is not discussed publicly was because 'we have been somehow cowed into thinking that's naughty.' 'There is nothing wrong with saying that. There is nothing hateful about saying that. There's nothing anti-Semitic about saying that. There's nothing even anti-Israel about saying that,' Tucker asserted. 'And the effect of making that off-limits has been to create a lot of resentment and I'll say it, hate online, where people feel like they can't just say, 'What the hell is this? You have the former Israeli prime minister living in your house?"' Carlson was likely referring to Epstein's close ties with the former Israeli Prime Minister Ehud Barak. Barak met with him dozens of times - and even allegedly stayed over at Epstein's place - starting in 2013. 'You have all this contact with a foreign government. Were you working on behalf of them? Were you running a blackmail operation on behalf of a foreign government?' he asked the stunned listeners. Carlson also claimed that 'every single person in Washington DC' shares his sentiment, and none of them 'hate Israel.' On Tuesday, Carlson discussed this very topic on his podcast, claiming Bondi was orchestrating a cover-up in order to protect members of the intelligence community who were ensnared in Epstein's conduct. 'The current DOJ under Pam Bondi is covering up crimes, very serious crimes by their own description,' Carlson said. 'Intel services are at the very center of this story, US and Israeli and they're being protected.' Carlson was not the only one to bring up the controversial issue at the summit full of thousands of young conservatives on Friday night. Fox News Host Laura Ingraham also took the Turning Point stage - taking an audience poll of who is satisfied with how the Epstein investigation was handled. 'How many of you are satisfied – you can clap – satisfied with the results of the Epstein investigation? Clap,' she urged the crowd. Not a single clap could be heard. Instead, the room echoed with boos. 'How many of you are not satisfied with the results of the investigation?' she asked, this time hit with a wave of clapping and applause from passionate listeners. The Turning Point event kicked off Friday and will run through the weekend, with high-profile conservatives including President Donald Trump scheduled for appearances. Despite fury directed at the Trump administration - which many believed would deliver more transparency regarding Epstein's convoluted case - the president has backed Bondi amid calls for her to step down. Far-right activist and media personality Laura Loomer helped lead the calls on X for Bondi's resignation on Monday While many have also criticized FBI Director Kash Patel and Deputy FBI Director Dan Bongino, Bondi has faced the brunt of the backlash. Far-right internet personality Laura Loomer, for example, has been especially vocal about booting Bondi. 'Please join me in calling for Blondi to RESIGN!' Loomer posted to X, using her nickname for the blonde-haired AG. 'How many more times is this woman going to get away with Fing (sic) everything up before she is FIRED?' she added in the Monday evening post. But White House Press Secretary Karoline Leavitt reaffirmed Trump's continued support for Bondi despite calls to resign. 'President Trump is proud of Attorney General Bondi's efforts to execute his Make America Safe Again agenda,' Levitt told the Daily Mail.
Glasgow Times
an hour ago
- Glasgow Times
Patrick Harvie: 'Trump is not welcome in Scotland'
Now reports suggest that the first convicted criminal ever to serve as President of the United States is planning another visit to our shores. In 2023, Trump was found guilty of thirty-four charges relating to false accounting in his business, after he paid $130,000 in hush money to cover up an affair with a porn star. Trump also has dozens of sexual assault allegations against him dating back to the 1970s. His contempt for women, his racism, and his climate denial have all been clear for decades. At home, Trump has sent troops onto the streets to threaten his own citizens. He is constructing a concentration camp in Florida, and sending agents to terrorise working-class immigrant communities across America, where people are being seized from their homes, businesses, and places of worship, and deported without fair process, ripping families apart. He has slashed funding from crucial services – a move which has already cost the lives of working-class people – to give tax breaks to his billionaire pals. Donald Trump rides roughshod over the rights of his own citizens, but his actions show the same contempt for international law, from withdrawing from the Paris climate agreement to welcoming Israel's Prime Minister to Washington D.C. while Netanyahu has an arrest warrant from the International Criminal Court for war crimes. It's revolting to see this celebration of the man behind the ongoing atrocities and genocide of innocent civilians in Gaza and the West Bank. Leaders who break international law, who show such utter disdain for human rights at home and abroad, should not be treated like other world leaders. They should be treated like pariahs, not normalised. Recently, Trump's Vice President directly attacked Scottish democracy, spreading lies about a bill led by my Green MSP colleague Gillian Mackay and passed overwhelmingly by Parliament. One of the most senior people in another nation's government had deliberately spread misinformation about our politics and laws, and yet the UK Government still plans to welcome his regime with open arms. Trump has forfeited the right to the red carpet treatment, and it is frankly embarrassing to see UK leaders continuing to pander to him instead of calling him out. Given Keir Starmer's track record, we can expect a display of deference without a single word of challenge to Trump's fascism. But it's not just down to Westminster and the UK Government. The Scottish Government must also make it clear that Trump is not welcome here. We in the Scottish Greens have long called for an investigation into Donald Trump's finances in Scotland through an Unexplained Wealth Order (UWO) – a power held by the Scottish Government to investigate the finances of politically active individuals who have gained wealth through suspicious means. Trump's Menie Estate golf course, which he is set to visit this month, was cited in one of his felony charges, which makes it clearer than ever that a UWO must be used. Playing golf while babies starve to death in a man-made, live-streamed genocide is a sickening display of wealth and power. The SNP Government should make it clear that we in Scotland are not playing along.
Daily Mail
an hour ago
- Daily Mail
Trump's political guru Steve Bannon gives devastating take on fallout of Epstein debacle
Steve Bannon issued a blistering warning that fallout over the handling of the Jeffrey Epstein files could rip the Republican coalition apart and cost the GOP 'up to 40 seats' in the midterm elections. Bannon, the architect of Donald Trump 's 2016 victory, declared in fiery live broadcast on Friday that unless Trump takes swift action the political cost could be catastrophic. 'If we lose 10 percent of the MAGA movement right now, we're gonna lose 40 seats in '26. We're gonna lose the president,' Bannon thundered to a packed audience. 'They don't even have to steal it, which they're gonna try to do in '28.' The longtime political guru of the MAGA movement addressed conspiracy theories that Epstein was behind an elite cabal of child rapists. 'It's not about just a pedophile ring and all that. It's about who governs us, right? And that's why it's not gonna go away,' Bannon said. 'They've disheartened the hardest core populist nation that's always been who governs us.' At the heart of the firestorm is the Justice Department's abrupt decision to close the book on the Epstein investigation - denying the existence of the long-rumored 'client list,' reaffirming that Epstein died by suicide, and refusing to release further records. The memo, jointly released by the DOJ and FBI, stated that further disclosures were neither appropriate nor warranted. But what was intended as a final word has instead detonated a whole new round of conspiracy theories on the right. Attorney General Pam Bondi, once a darling of the movement, had assured Fox News viewers that a list of Epstein's clients was 'on her desk' but the DOJ now says no such document exists Influential MAGA figures, already furious over Attorney General Pam Bondi's failure to deliver the promised bombshells, erupted. Alex Jones sarcastically tweeted that the DOJ would next claim 'Actually, Jeffrey Epstein never even existed.' 'This is over the top sickening,' Jones added. Bondi, once a darling of the movement, had assured Fox News viewers that a list of Epstein's clients was 'on her desk' but the DOJ now says no such document ever existed. Far-right influencer Laura Loomer, close to Trump himself, didn't hold back. 'President Trump should fire Bondi for lying to his base and creating a liability for his administration. She is an embarrassment and she doesn't do anything to help Trump,' Loomer wrote on X. Meanwhile, Dan Bongino, Trump's deputy FBI director and himself a key player in cultivating MAGA loyalty, reportedly considered resigning after a heated clash with Bondi at the White House. Sources say Bongino was 'furious' over how the Epstein memo was handled and skipped work on Friday to contemplate his future. In an attempt to rally the base and refocus their fury, Bannon called for the immediate appointment of a special prosecutor to investigate Epstein's clients and possible blackmail operations. 'There's only one solution,' Bannon insisted. 'You must appoint a special prosecutor immediately. DOJ and FBI, love those guys, but they can't do it. No possibility. They're too busy. Too conflicted.' His call was echoed by conspiracy theorist Jack Posobiec, who demanded action in front of a roaring crowd. But despite the fiery rhetoric, the administration appears to be circling the wagons. President Trump leapt to Bondi's defense in a Cabinet meeting Tuesday, scolding a reporter who dared raise the Epstein issue. 'Are you still talking about Jeffrey Epstein? This guy's been talked about for years. That is unbelievable.' Behind closed doors, however, tensions are boiling. A private clash earlier in the week between Bondi and Bongino sparked by a NewsNation report suggesting DOJ obstruction nearly broke into the open. FBI Director Kash Patel, Deputy AG Todd Blanche, and even Bongino were all forced to issue public statements denying divisions within the administration. The Epstein memo marked a stunning reversal from earlier promises. In February, MAGA influencers were invited to the White House and handed binders labeled 'The Epstein Files: Phase 1 – Declassified.' But the files were mostly rehashed public documents. Bondi promised that a 'truckload' of unreleased evidence was coming but that release never happened. Instead, on Monday the DOJ said that court orders sealed most of the remaining materials, and much of it would never have been made public even if Epstein had stood trial. The only disclosure accompanying the memo was a video intended to prove Epstein's jailhouse suicide. Yet even that drew fire from skeptics due to a mysterious one-minute gap in the footage. Complicating matters, tech mogul Elon Musk, once a close Trump confidant, is now hammering the president from the outside. Having announced plans to launch his own political party, Musk took to X to stoke Epstein suspicions. 'How can people be expected to have faith in Trump if he won't release the Epstein files?' Musk asked. Musk has hinted that Trump may have been named in redacted documents, further fueling speculation and deepening the fissure within the right. The Epstein backlash comes amid a series of fractures inside Trump's base. MAGA hardliners are already fuming over Trump's decision to resume arms shipments to Ukraine, his bombing of Iranian nuclear sites, and his recent comments urging restraint on immigration raids at farms.
