Home » General World News » 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

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





Elon Musk

  • 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.”

Anyone with a functioning Twitter account and a passing interest in Tesla likely knows how Elon Musk feels about short sellers.

For the unindoctrinated, it’s pretty straightforward: he absolutely loathes them.

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Source:: BusinessInsider.Com

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