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"I started the @tesla_truth Twitter handle on November 27, 2018 to refute the disinformation campaign orchestrated by a group of Tesla short sellers who called
by awinder 7y ago
"I started the @tesla_truth Twitter handle on November 27, 2018 to refute the disinformation campaign orchestrated by a group of Tesla short sellers who called themselves “$TSLAQ”, noting their intent to bankrupt the company in order to make money betting against the stock."
1. This is a truly bizarre take on what shorting is, but Musk describes shorting in a similar way, so I guess it's not surprising that a fanboy ate it up.
2. You don't need a disinformation campaign to short Tesla. You can be a long Tesla shareholder and that is A-OK. You can also look at Tesla's valuation & current financials and think holy moly, what are these people smoking. Welcome to the free market, where we collectively price things based on the interplay between these 2 groups.
3. I can guarantee you that only some statistically insignificant number of shorters care if Tesla goes bankrupt or not. They, in their judgement, see a market opportunity where Tesla is overpriced, and they're calling it. Some of these people might be Tesla owners or fans, who cares.
Then the rest of the article is just a general screed / immature clickbait stuff (like, I don't know, putting "Steve Jobs is Dead" for clicks or whatever). People need to grow up.
- edf13 7y agoExactly this - sounds like he wound up the other guy enough for him to constantly click spam on each of his tweets. Naming his account as he did made it easy for Twitter to ban him
- jevgeni 7y agoObviously all of this is kind of wrong. Short-term prices aren't driven by fundamentals, but by rumors/sentiment/herding. So thinking that a bunch of short sellers might orchestrate a rumor campaign against a volatile stock isn't much of a stretch. I wouldn't hark on the bankruptcy semantics. Obviously, the original statement doesn't necessarily mean that the bankruptcy will be the result of short selling.
- Nerdfest 7y agoThis kind of thing is done on occasion. I remember the same being done to Newbridge at the start of the tech bubble, including short-sellers arranging damaging interviews with people who claimed they were executives with the company. It's far easier now with social media. It's not just Tesla either Facebook, and I believe Microsoft as well were caught paying for entities to harm Google's reputation. There are vast amounts of money involved.
- bjornsing 7y ago1. As I read it the quoted text doesn’t describe or attempt to define shorting. It describes a subset of short sellers. Straw-man? 2. Again, I see no contradiction here. 3. Why does this matter? The article is about censorship on Twitter. If there is just one shorter that can censor Twitter for market manipulation purposes, then that’s a problem, right?