Elon Musk Condemns Tesla Short-Sellers As 'Leeches On The Neck Of Business': Book
Portfolio Pulse from Benzinga Neuro
In his upcoming biography, Elon Musk criticizes short-sellers, recalling a period in 2018 when Tesla was the most-shorted stock. He accuses them of having inside information and using drones for real-time monitoring of Tesla's factories. Despite the criticism and short-sellers, Tesla's stock has more than doubled this year and increased nearly ten-fold since 2020, taking the company's market capitalization above $850 billion.
September 19, 2023 | 6:33 am
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Despite being the target of short-sellers, Tesla's stock has more than doubled this year and increased nearly ten-fold since 2020. The company's market capitalization is now above $850 billion.
Elon Musk's criticism of short-sellers highlights the challenges Tesla faced in 2018. Despite this, the company's stock has performed exceptionally well, more than doubling this year and increasing nearly ten-fold since 2020. This indicates strong investor confidence in Tesla, which is likely to continue driving its stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100