I think people are shorting the company because it's bankrupt and way behind no fulfilling orders + having major rework problems in factories.
Elon likes to push that narrative that there's this epic battle between himself and people with short positions in a good vs. evil way.
In fact, it seems pretty apparent that the company is in trouble and the people saying that have put their money where their mouth is. They also probably aren't obsessing over it every last minute or pushing narratives to try to get the stock to tank, it'll do that on it's own. In fact, I bet the majority of people who are holding tesla shorts aren't sneaky oil execs, but hedge fund guys who want a pickup/hedge for the market as a whole. It's pretty common to short stocks that look weak to protect against general market volatility for when your main portfolio takes a little dip
The conspiracies and the cult of personality surrounding a company in moderate financial trouble with problems delivering their product is pretty strange to me. Startups fail all the time, they also over promise and under deliver all the time.
There haven't been any real claims of people trying to influence the tesla stock price other than Elon. If he has this kind of info, he should send it to the SEC since they should be able to track down the nefarious bastards that hold a short position.
This is one of those situations that is probably exactly what it looks like. Elon is learning that hardware is much tougher to build than software.
I have nothing against shorts -- they're betting on what they believe and I respect that. I can't even say I disagree, though I hope the longs are right.
My point was only that when there's a lot of money on the line, we should be skeptical of uncorroborated info (good or bad).
Elon likes to push that narrative that there's this epic battle between himself and people with short positions in a good vs. evil way.
In fact, it seems pretty apparent that the company is in trouble and the people saying that have put their money where their mouth is. They also probably aren't obsessing over it every last minute or pushing narratives to try to get the stock to tank, it'll do that on it's own. In fact, I bet the majority of people who are holding tesla shorts aren't sneaky oil execs, but hedge fund guys who want a pickup/hedge for the market as a whole. It's pretty common to short stocks that look weak to protect against general market volatility for when your main portfolio takes a little dip
The conspiracies and the cult of personality surrounding a company in moderate financial trouble with problems delivering their product is pretty strange to me. Startups fail all the time, they also over promise and under deliver all the time.
There haven't been any real claims of people trying to influence the tesla stock price other than Elon. If he has this kind of info, he should send it to the SEC since they should be able to track down the nefarious bastards that hold a short position.
This is one of those situations that is probably exactly what it looks like. Elon is learning that hardware is much tougher to build than software.