Latest / Elon Musk Podcast / Elon Musk SLAMS Tesla Short Sellers

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Elon Musk SLAMS Tesla Short Sellers · Elon Musk Podcast

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• 2:18
  Hello everybody and welcome back to the Elon Musk pod.
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  This is a show dedicated to everything you learn Musk from
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  under the Earth in the boring company to on the earth with
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  Tesla in above with SpaceX and Beyond.
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  Now, Elon Musk is sometimes controversial.
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  He has a Twitter account that a lot of people follow millions of
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  people follow And sometimes he says some crazy stuff on there
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  so it's kinda nice to check out his Twitter feed every once in a
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  while. And just recently on his Twitter
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  feed he got into a little scuffle with.
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  Let's see, some short sellers, okay and if you don't know what
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  a short seller is this is for Tesla it's called shorting or
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  short selling that's when an investor borrow shares and
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  immediately sells them Hoping he or she can scoop them up later
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  at a lower price, return them to the lender and pocket.
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  The difference shorting is risky and you know, it's not good for
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  the Long Haul. So he sell it off.
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  Make a little bit of money by a back Etc.
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  So, Elon Musk had a little letter that he wrote to them on
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  his Twitter feed to all the short sellers, right?
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  This is not. For just one person.
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  But here we go. Let's check it out.
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  I'm going to read it to you because it's pretty awesome and
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  it's kind of funny. So, Elon starts off with dear
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  mr. Unicorn fabulous Name, by the
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  way, we read your green light, capital Q, 319 investor letter
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  in which you make numerous false allegations against Tesla.
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  It is understandable that you wish to save face with your
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  investors. Given the losses you suffered
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  from Tesla's successful third quarter, especially since you've
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  had several down years And performance in a sharp drop in
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  assets, under management from 15 billion to 5 billion, you have
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  our sympathies. We also recognize your desire to
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  feel somewhat relevant with your Tesla short position at a time.
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  When your friends in the Tesla short Community have been
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  noticeably recoiling from the public discourse as the world is
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  increasingly, recognizing Tesla's contribution to science,
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  safety, and a sustainable environment to the extent that
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  you have any desire to learn about the amazing progress.
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  Egress, the people of Tesla are making.
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  I would like to extend an open invitation to meet with me, to
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  discuss Tesla and tour our facilities for their sake.
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  I'm certain your investors would appreciate you getting smart on
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  Tesla. Finally, please allow us to send
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  you a small gift of short shorts to help you through this
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  difficult time, and assigns it, regards tree Lon Musk.
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  And Elon Musk just donated a million trees so that's why he
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  called himself Treeline mask. So, basically Elon is like, he's
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  calling these people out and said, hey short sellers at,
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  don't do that, you know, just we're in it for the long haul,
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  just buy the thing, don't make a little bit of money.
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  You know, just buy the stock, there's plenty of it going
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  around. You don't have to make a little
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  bit here in a little bit there to boost yourself up.
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  You can have this stock for a long, long time and is going to
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  make you in theory, tons and tons of money.
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  If you hold on to it. Now, you know, the quarter 3
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  earnings there, nothing to joke about, they were great.
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  Quarter for coming up, you know, who's to say, it's not a gonna
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  be even better but the the case with Tesla is they've been kind
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  of Rocky that the stock isn't been everything that everybody
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  wanted it to be. They wanted it to be a unicorn,
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  right? They wanted it to be that
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  company that you invest a little bit in if the beginning and then
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  you get a ton of money at the end, sort of like an Apple stock
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  or a Microsoft. Stock something like that or an
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  Amazon stock where you're like, whatever I got a couple hundred
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  bucks laying around, you know, a couple thousand bucks laying
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  around and then by the end of it, you got like 25 million
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  bucks. You know, that's what they want.
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  That's, you know, that's, that's not what they're looking but
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  that's possible. You know what Tesla is going to
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  become and Elon says yeah, that's what we're going to do.
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  We're going to do that. So don't short sell us, just get
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  in it for the long haul people. So, my friends, I want to say
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  thank you so much for listening to the Elon Musk pod.
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  My name is Will Walden. If you like the show, make sure
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  to hit subscribe because I do this all the time.
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  Usually, once a day, sometimes I take a couple days off to
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  regroup myself and that's been the last couple days and I
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  apologize for that, but back at it.
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  So, keep listening, make sure to hit that subscribe button.
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  And thank you so much for taking the time out of your day to
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  spend here with me on the Elon Musk pod name is Will Walden and
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  I will see you soon.