Musk bombards short sellers: all "fools" who want to see Tesla's demise

The latest quarterly report shows that Tesla recorded the largest quarterly loss in history due to a production bottleneck in the highly anticipated production model Model 3. The stock price of the company crashed down, making short sellers laugh and the name of the nation’s largest market capitalization company changed. Tesla CEO Musk was very "unsatisfied" with these people and seemed to be tired of the negative rumors from time to time. This time he finally chose to declare war on short sellers.

Musk said in an interview with the media that short sellers have been fabricating and expanding rumors about unfavorable companies. "They just want to see Tesla's 'fool' that perished." Since Tesla went public in 2010, its market value has grown. Several times, but in the eyes of Musk, the original state of privatization may be better. "These lies hurt me and insulted my dignity."

Tesla has always been one of the shortest stocks in US stocks. The stock price, which has continued to rise in recent years, has caused losses for short sellers. According to S3 Partners, as of Wednesday, the market value of the stock of Tesla stocks was 8.3 billion U.S. dollars, down from the high of 11.4 billion U.S. dollars in September this year. Short-sellers had been losing money until October, but after the latest quarterly report was released, Tesla made a correction, and short sellers finally got a gain of US$635 million in the first half of November. However, Tesla has risen 43% this year, and investors who shorted the stock have lost more than $4 billion.

Interestingly, this Tuesday, in the short-sighted Tesla on the loss of the famous big short, the Knicks co-founder Jim - Chanos publicly stated that it will continue to increase short positions on Tesla. Chanos said: "Obviously this is not a car company's valuation, but the valuation of Musk, he is the reason people hold this stock." Chanos think Tesla is a perfect short The subject, a company that has lost billions of dollars in a cyclical industry, has leverage on its balance sheet, problems with company accounts, executives leaving the company, CEOs driving trains...

In any case, Musk must calm down as soon as possible, because Tesla will once again introduce new products - electric semi-trailer trucks. Tesla will hold a conference on electric semi-trailer trucks on Thursday evening local time. The original plan was to launch an electric truck at the end of October, which was postponed due to a hurricane attack in Puerto Rico. What is the experience of driving a Tesla heavy truck? Musk's answer is: Like a sports vehicle. With semi-trailer electric trucks, we would like to prove that the electric heavy trucks will also weigh on the market's internal combustion engine heavy trucks. How will the fact ultimately be, let us wait and see.

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