Tesla short sellers make $1.3 bn in a day as Musk gets sued
Short sellers who bet against Tesla made over $1.3 billion on Friday after the US Securities and Exchange Commission sued CEO Elon Musk for fraud, according to analytics firm S3 Partners. The agency accused Musk of misleading investors with his tweets in August about taking Tesla private. The carmaker's shares plunged 14% on Friday, their biggest drop since November 2013.