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Why would he short a stock that he already owns all the shares of? That doesn't make any sense whatsoever.
by EricE 4y ago
Why would he short a stock that he already owns all the shares of? That doesn't make any sense whatsoever.
- matwood 4y agoHe doesn’t own all the shares. There is a slightly credible theory that he’s tanking the value so the debt value will fall and he can potentially buy it up on the cheap. The problem for Elon is that bankers aren’t idiots. If he tries to buy his own debt, they will absolute charge a premium or just push for bankruptcy wiping out the shareholders anyway.
- abrookewood 4y agoHence the "if I didn't know better" ... anyway, as someone else pointed out it's private now. It just has the appearance of self-sabotage.