Can anyone see any other CEO getting away with comments like the following ?
Elon Musk tells shorts on Twitter they have 3 weeks to cover before losing their money
Over the weekend, Tesla CEO Elon Musk tweeted that investors shorting the stock have "about three weeks before their short position explodes."
Tesla stock has rallied about 20 percent since its annual shareholder's meeting on June 5, where Musk promised profitability in the third quarter.
Lora Kolodny | @lorakolodny
Published 2 Hours Ago Updated 1 Hour Ago
CNBC.com
100016900
Ray Tamarra | Getty Images
Tesla CEO and chairman Elon Musk went after shorts on Twitter over the weekend. He generally warned investors selling his electric vehicle venture short that they have about 3 weeks to cover if they don't want to lose their money.
Fred Lambert
?
@FredericLambert
17 Jun
Replying to @elonmusk @SwiftOnSecurity
Shorts seem to be freaking out about the assembly line being in a "tent". Can you elaborate on the situation with the line?
Elon Musk
?
@elonmusk
They have about three weeks before their short position explodes
3:43 PM - Jun 17, 2018
1,442
423 people are talking about this
Twitter Ads info and privacy
Tesla stock has rallied more than 20 percent since the company's early June annual shareholder meeting at which Chairman and CEO Elon Muskpromised profitability in the third quarter, and trended more than 4 percent higher through last week after Tesla announced layoffs on Tuesday June 12th. Last week, Elon Musk bought around 72,000 Tesla shares, spending nearly $25 million to do so.
Shares opened on Monday at $355.20 and notched up in mid-day trading. During the same week last year, Tesla shares were trading 5.6 percent higher at $375.
Elon Musk is 'masterful' in how he fights back against short-sellers, Cramer says Elon Musk is 'masterful' in how he fights back against short-sellers, Cramer says
11:50 AM ET Thu, 14 June 2018 | 02:04
The electric vehicle maker is in the midst of a broad restructuring. It is also pushing workers to hit a vehicle production rate of 5,000 Model 3s per week, and to become profitable, by the end of this quarter. In about 3 weeks, Tesla is expected to make a report on whether or not it hit those manufacturing goals.
Over the weekend, Musk also questioned one individual with a pseudonymous profile, TeslaCharts, directly. This person has a stated mission to "unabashedly serve the confirmation bias of # Tesla bears," and publishes infographics via their Twitter account which illustrate the rationale for shorting Tesla.
For example, TeslaCharts regularly posts line graphs that compare the stock price of Tesla now, and Enron in the quarters leading up to its demise.
Buffett's investing basics. Warren Buffett outlines the main investment principles he practices.
Learn More
View image on Twitter
View image on Twitter
TeslaCharts
@TeslaCharts
This Week in Enron - Short Burn of the Century Edition.
Jeff Skilling couldn't dream of doing the things this alpha bro dom does.
Calling his shots on twitter!
The SEC be damned.
Eat it shorty.$TLSA
7:24 PM - Jun 14, 2018
Musk asked TeslaCharts' author, "How big is your short position? Just curious." The person replied that they have a modest short position, and are running their Twitter account as something of a social media experiment.
Musk, who declined to answer sell-side analyst questions on his last quarterly earnings call, said the only reason he inquired about the person's short position was because he didn't "want to see anyone lose their money."
Here's the beginning of the exchange; click through to see the whole thing:
TeslaCharts
@TeslaCharts
12 Feb
The mission of @TeslaCharts is to unabashedly serve the confirmation bias of #Tesla bears. We flow with the content curation current, providing exactly what bears most want to see. Especially helpful on days the stock goes up on bad news. Enjoy accordingly...
Elon Musk
?
@elonmusk
How big is your short position? Just curious.
12:40 PM - Jun 17, 2018
673
173 people are talking about this
Twitter Ads info and privacy
Tesla declined comment on Musk's tweets.
Lora Kolodny
Tech Reporter
