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Short sellers bet on a stock like TSLA being severely overvalued, thus are incentivized to dig up all the dirt they can to compel the market to sell off their s
by newnewpdro 8y ago
Short sellers bet on a stock like TSLA being severely overvalued, thus are incentivized to dig up all the dirt they can to compel the market to sell off their shares and drive down the stock price.
- compstricken 8y agoYeah, those few guys and all their FUD. As opposed to all of the institutional investors, VCs, employees, shareholders, car owners and Elon Musk himself (with the biggest pay package in history) who have a stake in saying, "Business is great, nothing to see here!"
- __blockcipher__ 8y agoBeware this narrative. There are many with legitimate concerns around fraudulent activity (SCTY acquisition, “funding secured” tweet), as well as Musk’s highly unstable behavior (pedophilia accusations, etc etc). It’s not solely those with financial incentive. And no, I’m not a Tesla hater. Just someone who wishes Tesla lived up to their own image.
- newnewpdro 8y agoIt's not like I said shorts invent illegitimate claims. They're just the most incentivized to dig it up and make it as visible as possible. In my experience it's quite often legitimate, though frequently blown out of proportion for obvious reasons.