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IPFS News Link • Business/ Commerce

Tesla CEO Elon Musk's Battle With Short Sellers Is Personal

• https://insideevs.com by EVANNEX

Dating back to the early days of Model S production, Elon Musk has been feuding with Tesla short sellers. Back then, Musk cautioned those betting against Tesla stock that a "tsunami of hurt" was coming their way. Sure enough, it did. Tesla's stock skyrocketed. And last year, when the stock was surging, Musk taunted shorts on Twitter, "Stormy weather in shortville…" According to Zero Hedge, "Elon Musk's feud with Tesla shorts is not business, it's just personal."

*This article comes to us courtesy of EVANNEX (which also makes aftermarket Tesla accessories). Authored by Matt Pressman. The opinions expressed in these articles are not necessarily our own at InsideEVs.

In a dangerous signal to shorts, the taunting started again: "One month ago… [on Twitter] Musk first warned shorts that 'oh and uh short burn of the century comin soon. Flamethrowers should arrive just in time', then followed it up just hours later with another taunt on the coming short squeeze which 'Looks like sooner than expected. The sheer magnitude of short carnage will be unreal. If you're short, I suggest tiptoeing quietly to the exit…'"


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