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This. One thing I have noticed is that when you have $billions in short interest in a stock, the manipulation is incredibly subtle, but also incredibly blatant
by illumin8 8y ago
This. One thing I have noticed is that when you have $billions in short interest in a stock, the manipulation is incredibly subtle, but also incredibly blatant at times.
For example, one can find many media articles that are almost certainly paid hit pieces against Tesla and Musk. When you have this much short interest, and news organizations that have contributors with financial interests aligned with the shorts, it is inevitable: https://insideevs.com/tesla-short-sellers-media-crusade/ https://insideevs.com/tesla-short-sellers-media-crusade/
I wish the SEC would begin to crack down on these abuses. Taking a short position against a stock is fine, but using your media connections to publish damaging and in many cases inaccurate stories is libel at best, and fraud at worse.
- gamblor956 8y agoFor example, one can find many media articles that are almost certainly paid hit pieces against Tesla and Musk. When you have this much short interest, and news organizations that have contributors with financial interests aligned with the shorts, it is inevitable: https://insideevs.com/tesla-short-sellers-media-crusade/* https://insideevs.com/tesla-short-sellers-media-crusade/* Those articles are literally just describing things that SolarCity, Tesla, and Musk actually did* (or in the cases of stated goals/promises, failed to do). How does that count as a "paid hit piece"? If Tesla wanted to remain a media darling it could have done so very easily: just hit the goals it set for itself. Instead, quarter after quarter, it failed to meet those self-stated goals. Quarter after quarter, they embarked on various stunts to distract investors from its failure to meet its self-stated goals, like selling "flame throwers" and other nonsense. And yet, despite the many quarters of lies, Tesla still has enough media goodwill that a single quarter of two of actually meeting its self-stated goals could result in it becoming a media darling again. Elon though...Doubling down on the pedophilia remarks and attempting to go to war with multiple government agencies when he was clearly in the wrong is a fast track to becoming a laughing stock, and he deserves the self-inflicted negative media attention he's seen these past 3 months.
- palunon 8y ago> like selling "flame throwers" and other nonsense AFAIK, Tesla never sold flamethrowers, another company (the boring company) did. And they weren't flamethrowers, more gun-shaped blowtorches.