Elon Musk claims short sellers are Tesla’s worst enemy — but one expert says he and many others are thinking about the situation completely wrong
|11/07/2018||Posted by BusinessMediaguide.Com under General World News||
- Tesla CEO Elon Musk has repeatedly called out short sellers for damaging his company’s stock.
- Bob Sloan, the managing partner at financial technology and analytics firm S3 Partners, says Musk — and many others — misunderstand what the mechanics of borrowing a stock mean for both shorting activity and underlying price moves.
“What they do should be illegal.”
For the unindoctrinated, it’s pretty straightforward: he absolutely loathes them.
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