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Tesla Inc.  (TSLA) - Get Tesla Inc Report short sellers are rejoicing as their bets against the company have yielded $1.39 billion in less than three trading days since July 4. Tesla's share price has declined nearly 19% in about two weeks.

Short interest in Tesla hit a historic high of $10.96 billion last month, but that level has dropped to about $9 billion this week, according to S3 Research.

Tesla's week had a rough start after CEO Elon Musk tweeted that the electric car maker anticipates producing 20,000 vehicles a month beginning in December, below market guidance. News that Volvo (VLVLY) would begin producing only electric and hybrid vehicles by 2019 also put pressure on the stock price.

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The week did end on a good note for Tesla, however. Musk tweeted photos of the first Model 3 to be produced on Saturday evening. 

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