Reddit Group ElonMuskHate Targets Tesla Stock with Short Bets Sparking Outrage

A Reddit group dubbed ElonMuskHate is reportedly orchestrating a campaign to short Tesla’s stock aiming to tank its value. The faction is snapping up 100 dollar puts for June 20 2025 hoping to cash in on a price drop. Smaller traders are jumping on the bandwagon amplifying a move that’s drawn sharp criticism from Tesla backers.

The group’s posts reveal a coordinated push to bet against Tesla fueled by disdain for CEO Elon Musk. They’re banking on his polarizing persona and recent market dips to drive the stock south. Online chatter shows some users buying single-leg options inspired by the subreddit’s lead.

Tesla’s stock has soared over 1000 percent in five years making it a prime target for skeptics. ElonMuskHate sees an overvalued giant ripe for a fall citing Musk’s brash style as a liability. Supporters call it a spiteful attack on a company revolutionizing energy and transport.

Shorting involves borrowing shares to sell now and buy back cheaper later pocketing the difference. If Tesla climbs instead these traders face steep losses as the June deadline nears. Market watchers say the group’s small scale limits its real impact but fuels volatility.

Musk has faced short sellers before famously crushing them as Tesla defied odds and grew. This latest Reddit plot echoes past efforts by bears to undermine his empire with little success. Still it’s stoked fury among fans who see it as personal not just financial.

The move comes as Tesla navigates supply chain woes and competition in the EV space. Critics argue the company’s valuation hinges too much on hype not fundamentals ripe for a correction. Defenders point to its 1.3 million vehicle deliveries last year as proof of strength.

Regulators often eye coordinated shorting for signs of market manipulation though no probe is confirmed here. The ElonMuskHate crew risks legal heat if their posts cross into illicit territory. For now it’s a noisy sideshow in Tesla’s high-stakes saga.

Musk thrives on proving doubters wrong and this could spur him to double down on innovation. Tesla’s fate rests more on production and profits than Reddit rancor analysts note. Yet the episode underscores how his outsized profile makes the company a lightning rod.