Elon Musk says short selling should be illegal, ridiculates SEC

[RedDuke]

https://www.bloomberg.com/news/arti...torm-days-after-settling-lawsuit?srnd=premium

Not good for any company when CEO says short selling should be illegal. I see troubles on horizon.

 

[Scataphagos]

Musk seems more and more like a spoiled, whiny little piss ant... made rich with taxpayer support from the government. Getting more and more difficult to sympathize with his selfish little "woes".

 

[Cuddles]

This brats needs to be made an example of

 

[maxinger]

Look at the chart. It seems to be range bound. 380 is a strong resistance, and 250 is the support.

be wise .
around resistance, people get ready to short.
around support, people get ready to long.

but there is nothing in the world to stop it from going to where it belonged in 2013 where price was around $30.

also there is nothing in the world to stop it from breaking beyond 380.
only kindness, compassion, positive Public Relations, positive attitude and all the positive emotions and humanity can bring it beyond 380.
hatred, vengeful, anger, frustration, madness, dispair, furious, irritable, outrage,
indignant, resentfuulness, exasperation, hatred... and all the negative emotions might do the reverse.

 

[Scataphagos]

be wise .
around resistance, people get ready to short.
around support, people get ready to long.

That's why there is "Price TA".

The current price range shows "indecision". So, fade the range extremes. When the market becomes convinced one way or the other, the price will break out and reflect newly found conviction... at least for the moment.

Allowing a little room for false breakouts, I see $240 and $390 as the critical support and resistance.

 

[rwnomad]

Man this guy is really losing it. For a CEO of a public company to speak like this is just insane.

 

[Money Trust]

Let me guess. There are legitimate problems within his company and this is his way of shifting blame to short sellers when in reality, the insiders are getting out

 

[Cuddles]

Let me guess. There are legitimate problems within his company and this is his way of shifting blame to short sellers when in reality, the insiders are getting out

When this brick falls off a cliff, wall street shorters will get the blame. They might even make another movie about how big oil conspired to kill the electric car..... Again

 

[rwnomad]

I know Elon was a school drop out, but shorts are part of the market. The way he can beat them is with results that keep increasing the value and stock price. Cars are commodity products, not tech. Electric cars in general are not yet ready for prime time. Too expensive, too difficult and time consuming to recharge. He can't get a car built at a price that generates volume. His company is way undercapitalized. He will have massive competition soon from established brands. No one has made a successful Auto startup in 50 years. It is enough to give a guy a headache.

 

[mlawson71]

Why is he like this. He keeps digging himself deeper.