Tesla CEO Elon Musk was in a good mood and playful on Thursday after the release of the company’s second-quarter 2020 vehicle production and delivery report. With Tesla hitting new all-time highs and breaking $ 1,200 a share, Musk chose to do something he hadn’t done in a long time: He decided to do some trolling towards Tesla’s dedicated short sellers, as well as the Securities and Exchange Commission.
Musk’s series of tweets on Thursday was mixed, and the CEO responded to a Twitter user who noted that the recent surge in TSLA shares due to its second-quarter results is a “tsunami of pain” for short sellers. Musk, for his part, noted that he “tried to warn them,” before adopting a lighter tone by calling The Royal Teens’ Short shorts a great song. “Musk followed this up playfully commenting that” mid-height or higher sellers are fine “in the middle of the Tesla rally.
With burns against the TSLA shorts secured, Musk switched his trolling to the SEC, urging his followers to publish their own interpretation of the acronym, wherever the “E” in the middle of “Elon’s”. This sparked equally amusing responses such as “Sell Elon’s Cars” or “Wild Elon’s Contempt,” as well as more serious warnings from TSLA bulls like Gerber Kawasaki’s CEO Ross Gerber, who commented that such tweets were “dangerous.” Musk acknowledged this, but noted that the tweets were very satisfactory.
Of course, no conversation about Tesla short sellers with Elon Musk would be complete without literal shorts appearing. This came in the form of Musk indicating that Tesla will be making “fabulous shorts in radiant red satin with gold trim.” He also noted that Tesla would send some of the shorts to the “Sellers Enrichment Commission” to “comfort them in these difficult times.” With that said, Musk noted that the flame accents on the Tesla shorts would likely be too much.
To the extent that Elon Musk’s recent Twitter storm troll may offend Tesla’s critics, the CEO exhibited some of his usual self-critical humor. This came in the form of a post reminding Musk that he himself wore shorts back in his days in Pretoria, as evidenced by a class photo from 1983. In it, you could see a young Musk standing among his fellow students. class, proudly wearing some shorts. it gets short. Faced with this, Musk shyly admitted that he ultimately actually likes shorts. “Arrested! Secretly (love) the short shorts,” Musk wrote.
Tesla’s second-quarter results, which pushed the company’s shares past the $ 1,200 mark on Thursday, finally crushed TSLA’s short-seller narrative that the company has a demand problem. As Loup Ventures managing partner Gene Munster noted, Tesla’s second-quarter deliveries highlighted the growing gap between the electric car maker and traditional automakers such as GM, FCA, and Toyota, all of which were hard hit. for the ongoing pandemic.
Disclosure: I do not own TSLA shares and I have no plans to start any position within 72 hours.
