There is a growing trend on the subreddit 'ElonMuskHate' where Reddit users are reportedly attempting to short Tesla's stock by purchasing $100 puts for June 20, 2025. This move comes at a time when Tesla's stock has faced a significant downturn, dropping almost 50% from its peak in December 2024.

The company is currently facing increased competition from Chinese EV makers and shifting market sentiments, along with calls for a change in Tesla's leadership due to Elon Musk's divisive public image and alleged neglect of the business.

The Reddit users on 'ElonMuskHate' are purchasing $100 puts for June 20, 2025, indicating their belief that Tesla's stock will continue to drop. This action has gained momentum, with smaller traders starting to follow suit based on the subreddit's posts.

Tesla's stock has plummeted by almost 50% from its peak in December 2024 and is currently trading at around $248 per share, resulting in substantial profits for short-sellers. This decline can be attributed to the increased competition from Chinese EV makers and changing market sentiments.

Furthermore, there have been significant federal workforce reductions initiated by former President Trump and Elon Musk's leadership at the Department of Government Efficiency, leading to layoffs across various agencies and sparking legal challenges.

Critics, including long-time Tesla investor Ross Gerber, are advocating for a change in leadership at Tesla due to Musk's polarizing public image and perceived neglect of the business. Consumer sentiment has also been affected, with some customers opting for competitors due to negative publicity surrounding Musk's involvement in US policies and his controversial comments.

This situation highlights the impact of social media on financial markets and how online communities can influence investor behavior. It also raises questions about the future of Tesla and the role of its leadership in navigating these challenges.