Elon Musk’s stern warning to short sellers after Tesla Senior VP dumps 82% of shares: Here’s what he said
Tesla’s Senior Vice President Xiaotong Zhu (also known as Tom Zhu) sold more than 82% of Tesla Holdings. Since the securities have applied for securities, stock sales ranging from $ 174 to $ 323 per share between 2023 and 2024.
This great sales by a senior manager asked the company about the sincere trust.
Elon Musk’s warning to short sellers
Among the news of the sale of stocks, Tesla CEO Elon Musk made a strong warning to short sellers. In an article in X (formerly called twitter), Tesla stated that if they don’t get out of their short positions before they reach “autonomy on scale, short sellers would be“ destroyed ”.
Musk’s interpretation was a direct response to a list of the current net short sellers of the electric vehicle (home) manufacturer.
What is short sales
Isa Trade Strategy Short Sales, which an investor won from a decrease in stock price. The process includes:
- Profit: Stocks are returned to the broken and the difference between the sales price and the reimbursement price is the profit of the investor.
Short sales are considered a high -risk strategy, because if the investor stock price rises instead of falling, potential losses are unlimited, because the investor should take back the stocks at a higher price to return to the broker.
Elon Musk’s past case with Bill Gates
Elon Musk has a history of conflict with short sellers, including Microsoft’s founding partner Bill Gates. Their fight stems from Gates’s short positions against Tesla stock. According to Walter Isaacson’s 2023 Musk biography, this short position was claimed to have resulted in a loss of $ 1.5 billion for Bill Gates.
In an earlier article in X, Musk warned that “If Tesla became the most valuable company in the world, this short position will even bankrupt Bill Gates”.
