Bill Gates' Tesla short

Businessman said:
Musk does not like short sellers since at least 6 years ago. When TSLA was having production problems and he was sleeping in the factory. And the short sellers were circling for his blood.

Many big short sellers are not content to just take a short position. But they also release negative press about a company to push the price lower. Sometimes it is warranted, sometimes it is lies.

So short selling is fine in principle, but sometimes the short sellers resort to dirty tricks. Now Bill Gates may not be doing this, but Musk just doesn't like short sellers in general because of it.

Long buyers will try and pump stocks with positive spin news, but when short sellers do the opposite it can push a struggling company further towards failure.

Back then Musk didn't just take those short attacks sitting down, he resorted to his own counter dirty tricks against the shorts, eg. by saying he was considering taking the company private at $420 funding secured.
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that's some fine revisionism you got there.
 
I'm staying mum for the time being. It's Christmas in Melbourne, New Year in Sydney but soon enough, early, mid, late 2023 TSLA will bounce big. And I will be back quoting the nonsense with a vengeance!:fistbump:
 
Businessman said:
Musk does not like short sellers
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No business owner likes them unless they want to buy their own stock back.

I don't see the problem of short sellers promoting negative news, as long as they are true. After all the business owners are usually fudging the numbers or painting with a pink brush. Nowadays everybody is a journalist...
 
Pekelo said:
First, Elon doesn't give a shit about the planet. Maybe Mars, but not Earth. Second, if Tesla was overvalued (and oh boy it was) shorting it makes sense. You are on elitetrader, Sir, not on planersaver.com :)
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it is still very much overvalued.
 
Businessman said:
Musk does not like short sellers since at least 6 years ago. When TSLA was having production problems and he was sleeping in the factory. And the short sellers were circling for his blood.

Many big short sellers are not content to just take a short position. But they also release negative press about a company to push the price lower. Sometimes it is warranted, sometimes it is lies.

So short selling is fine in principle, but sometimes the short sellers resort to dirty tricks. Now Bill Gates may not be doing this, but Musk just doesn't like short sellers in general because of it.

Long buyers will try and pump stocks with positive spin news, but when short sellers do the opposite it can push a struggling company further towards failure.

Back then Musk didn't just take those short attacks sitting down, he resorted to his own counter dirty tricks against the shorts, eg. by saying he was considering taking the company private at $420 funding secured.
More...

Musk has already said that TSLA would buyback its shares. I am sure the news of the short sellers trying to teach him a lesson over TWTR got to him. He will no doubt do everything to make TSLA go higher if only to spite those who hate his guts. A fine way to have your cake and eat it too.
 
Rams Fan said:
But getting less and less overvalued by the day.

I'll probably be a buyer, but it will be trading somewhere below $30 at that point.
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Agree around $30 it will be fair market value give or take. Still very expensive, but not insane.
 
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