ELON MUSK TAKES ANOTHER JAB AT TESLA SHORT SELLERS: ‘These guys want us to die so bad they can taste it’
AP
Elon Musk just took another jab at the short sellers who keep getting burned by Tesla’s surging stock.
“These guys want us to die so bad they can taste it,” he tweeted, referencing the pessimists that have made Tesla the most-shorted company in the US stock market.
He was referring to an Investopedia article he tweeted minutes before, which cited a report from financial analytics firm S3 Partners saying investors are currently holding short $10.4 billion of Tesla stock. “Could be worse,” he said.
Tesla’s stock is up 72% year-to-date, more than eight times the S&P 500.
This isn’t the first time Musk has made light of the considerable short activity swirling around his company’s stock.
On April 3, when Tesla’s stock was already up a whopping 30% for the year, Musk tweeted “Stormy weather in Shortville …”
The stock surged 7% to a new record high that day on news the company made a record number of deliveries in the first quarter. That increase cost short sellers $488 million in just one day, S3 data showed.
About 30 minutes later, Musk defended the company’s long-term valuation. Responding to claims that the stock was too pricy, he said “Tesla is absurdly overvalued if based on the past, but that’s irrelevant. A stock price represents risk-adjusted future cash flows.”
Following his first two tweets on Thursday, Musk fired off another that proved he was typing with his tongue firmly lodged in his cheek.
“Just wish they would stop sticking pins in voodoo dolls of me. That hurts, ok?” he wrote.
Here’s the tweetstorm in its entirety:
Get the latest Tesla stock price here.
Could be worse https://t.co/CtnkJysquj
— Elon Musk (@elonmusk) June 8, 2017
These guys want us to die so bad they can taste it
— Elon Musk (@elonmusk) June 8, 2017
Just wish they would stop sticking pins in voodoo dolls of me. That hurts, ok?
— Elon Musk (@elonmusk) June 8, 2017
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