Elon Musk releases Tesla shorts to mock those who shorted the company

July 8, 2020


Tesla stock now exceeds that of any other car company in the world, as well as Coke and Disney.

Tesla has had a fantastic financial year this far. In fact, in 2020, the value of Tesla stock went up by 200%, meaning it now exceeds that of any other car maker on the planet, as well as Disney and Coke. Of course, Elon Musk couldn’t just celebrate with a bottle of champagne. Musk released Tesla shorts as a way of making a comment on those who shorted the company. Shorting refers to a practise where investors bet on a company’s failure. The shorts were on sale for $69 and sold out within minutes. In fact, so much traffic came to the site that it crashed.