Enough Musk Spam
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Tesla stock was doing slightly better for a couple of days, yes, before starting another downward turn.
And yes, the Apartheid Manchild is leveraged to the hilt. He famously doesn't take (much of) a salary from his companies, preferring, for tax reasons, to get money through loans with his company stock as collateral. While the specifics of these are, of course, private, the general rules such leveraging tends to follow are well-known so we can make a few educated guesses.
My own such guesses are that starting at about a price of 200 he may see the beginnings of margin calls where the holders of his debt force him to repay a portion of the debt immediately or to sell off stock until he can pay off that portion. By 175 it's all but certain that margin calls have started (and quite possible they've been going for a while). By 150 the bulk of his loans are making margin calls and his stock tanks as he is forced to sell off ownership.
And of course when he starts getting forced to sell off stock, the stock falls possibly triggering more and more margin calls until TSLA is briefly in penny stock territory before it rebounds to roughly its actual real value. With the Manchild having no actual money to show for it.
There's a reason he's resurrected that whole "I deserve 56 billion dollars" case despite that being a massively inappropriate thing to claim when his stock is melting down. He's going to need cash soon that's not leveraged by his stock.
So.... short TSLA?
Maybe. However shorts are dangerious and can lose even when you are right because things can whip around enough to force a margin call.
Yeah, shorting is not a good strategy if you don't have very deep pockets.
The market can remain irrational longer than you can remain solvent. Shorts, especially, have potentially infinite risk. Put options would be a better option for a small time speculator.