stowie
Active Member
Mr Obsessive sends shorts to short sellers.
https://www.thestreet.com/technology/elon-musk-aims-to-counter-his-worst-enemies
Indeed. He really doesn't like them. I think they are bad for company share price? I read this but didn't absorb it fully...
https://www.wired.com/story/what-are-short-sellers-and-why-does-elon-hate-them/
Short Selling is legal. Is Musk going to assemble a crack team of Lawyers just so they can tell him this?
I suspect that Mr Musk is more concerned with opinion articles often published by short sellers that point to why they have decided to short sell the stock. Short selling does get a very bad rap, and not without some justification. But having CEOs and executives cry "Unfair!" at short selling when they have often been busy boosting the stock through puff articles isn't really much of an argument.
Short selling is quite often "the canary in the coalmine". Valeant Pharmacuticals was exposed falsifying sales of products by a short seller. Enron was exposed at least in part by short sellers. That's the thing about the sort of people who short sell in this way - they tend to really do the research since their losses are potentially unlimited if they don't.
It shows a certain chutzpah (to say the least) that Musk has been arguing that the SEC stifled his free speech when he was busy boosting Tesla by tweeting that he might take it private, but when the other side publish their opinions he wants to assemble an in-house lawyer department.