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I know it's not the most pristine new organisation there is, but this was a rather interesting and unsettling read: https://www.zerohedge.com/news/2018-06-13/af

I know it's not the most pristine new organisation there is, but this was a rather interesting and unsettling read: https://www.zerohedge.com/news/2018-06-13/after-taunting-shorts-threats-unreal-carnage-musk-buys-another-25mm-tesla-stock https://www.zerohedge.com/news/2018-06-13/after-taunting-sho...

Consultant32452 8y ago
If the article is correct, that he bought those shares specifically to burn the shorts, then good for him. It's no coincidence to me that in a time where TSLA has the largest short position on the planet that there seems to be daily front page negative press. Having the CEO flip the bird to nay-sayers and triple down is a good sign. That kind of tenacity is what I believe makes him successful, "Screw you, I'm gonna make a Trillion dollars here!" Disclosure: I have a small TSLA position, but I do consider it a high risk venture that has just as good a chance to buy me a house in 20 years as to go to 0.
- Keyframe 8y ago
  I get the sentiment, but what it tells, to me at least, is that it's an impulse-driven CEO and I'd rather stay away from business like that. Might as well go to a casino.
- jonknee 8y ago
  TSLA isn’t the largest short, but have you considered the possibility that it’s a popular short at least in part because of all the negative reports? What Elon could do to really stick it to the shorts is make the amount of cars he said he will and do so with the profits he claimed he’d have. Otherwise no amount of shares is going to be enoug.
  - Consultant32452 8y ago
    It's at least the biggest short in the US. Or at least it was at the time this article was written back in April. https://www.cnbc.com/2018/04/11/tesla-is-the-biggest-short-in-the-us-stock-market.html https://www.cnbc.com/2018/04/11/tesla-is-the-biggest-short-i... I think Elon's image as a person/CEO is almost as important as his ability to execute and build the cars. Part of the value he brings as CEO is the cult of personality around him. I'm not suggesting that's right or wrong, good or bad investing, good or bad reason to buy products, etc. That's just what I believe is true.

Consultant32452 8y ago

If the article is correct, that he bought those shares specifically to burn the shorts, then good for him. It's no coincidence to me that in a time where TSLA has the largest short position on the planet that there seems to be daily front page negative press. Having the CEO flip the bird to nay-sayers and triple down is a good sign. That kind of tenacity is what I believe makes him successful, "Screw you, I'm gonna make a Trillion dollars here!" Disclosure: I have a small TSLA position, but I do consider it a high risk venture that has just as good a chance to buy me a house in 20 years as to go to 0.

Keyframe 8y ago
I get the sentiment, but what it tells, to me at least, is that it's an impulse-driven CEO and I'd rather stay away from business like that. Might as well go to a casino.
jonknee 8y ago
TSLA isn’t the largest short, but have you considered the possibility that it’s a popular short at least in part because of all the negative reports? What Elon could do to really stick it to the shorts is make the amount of cars he said he will and do so with the profits he claimed he’d have. Otherwise no amount of shares is going to be enoug.
- Consultant32452 8y ago
  It's at least the biggest short in the US. Or at least it was at the time this article was written back in April. https://www.cnbc.com/2018/04/11/tesla-is-the-biggest-short-in-the-us-stock-market.html https://www.cnbc.com/2018/04/11/tesla-is-the-biggest-short-i... I think Elon's image as a person/CEO is almost as important as his ability to execute and build the cars. Part of the value he brings as CEO is the cult of personality around him. I'm not suggesting that's right or wrong, good or bad investing, good or bad reason to buy products, etc. That's just what I believe is true.