Wall Street is massively betting on Tesla’s failure

RT reports:

Electric car producer Tesla has become the stock investors are betting against the most.

“Tesla, which was overtaken by Apple as the largest US equity short recently, is back on top of the league tables, a position it has held since March 2016,” wrote Ihor Dusaniwsky, head of research at S3 Partners, as quoted by CNBC.


“Tesla short sellers, after reducing their short exposure for the first two months of 2018, have reversed course and shorted Tesla stock heavily over the last five weeks.”

Some people don't think electric cars are the wave of the future.