Tesla Inc. shares fell to $296, resulting in short sellers poised to gain approximately $1.4 billion in paper profits, according to data from Ortex. The stock's decline, which included a 7% slump, has been linked to CEO Elon Musk's announcement of renewed political ambitions and a public dispute with former President Donald Trump. Market observers noted that this sharp drop in Tesla's stock price has created substantial gains for traders holding short positions. The developments have prompted some investors to sell their Tesla shares, capitalizing on recent market movements.