Elon Musk Blasts Shorts As 'Gluttons For Punishment' After Sen. Tommy Tuberville Discloses Bearish Tesla Bet
Portfolio Pulse from Shanthi Rexaline
Elon Musk criticized short-sellers after Sen. Tommy Tuberville disclosed bearish bets on Tesla, Inc. (TSLA) through put options. Tesla's stock has been underperforming, with a high short interest of 2.65% of outstanding shares. Musk's comments reflect his ongoing disdain for shorts, which he has previously described as harmful to businesses. Tesla's stock closed slightly up at $234.30.
November 18, 2023 | 3:37 pm
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POSITIVE IMPACT
Elon Musk's criticism of short-sellers may rally support among investors and potentially impact Tesla's stock price positively in the short term.
Musk's comments may influence investor sentiment and create a short-term positive momentum for Tesla's stock, especially among retail investors who follow Musk's views. However, the actual impact will depend on broader market conditions and Tesla's performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90