Elon Musk’s 13-year-old son, Griffin, was explaining to Neil Strauss of Rolling Stone: “they’re betting that the stock goes down, and they’re getting money off that. But it went up high, so they lost an insane amount of money”. Who’re “they”? According to Elon Musk, here “they” means- jerks. Soon after Tesla went public in 2010, the corporation had encountered a war overstock pricing. Now, the Tesla CEO, Elon Musk splashed out millions to win against the “jerks”.
“I wish we could be private with Tesla”
“I wish we could be private with Tesla,” Musk said in a lengthy interview with Rolling Stone. “It actually makes us less efficient to be a public company.” Such a statement shows that Musk isn’t happy with the behavior of some of the stockholders. On Monday, Elon Musk bought as much as 33,000 shares spending $9.85 million according to United States Security and Exchange Commissions. It’s Musk’s largest stock purchase since 2017. Moreover, by dint of this move, now Elon Musk owns 20% of Tesla. In fact, it makes him the top shareholder of the firm.
Tesla founder’s loath towards the short sellers
We saw Tesla founder’s loath towards the short sellers. Musk defines the short seller as “jerks”. He believes that it’s the short sellers who are trying to destroy the company. Lately, he advised the short seller via a tweet, “Looks like sooner than expected. The sheer magnitude of short carnage will be unreal. If you’re short, I suggest tiptoeing quietly to the exit”.
However, time will say that who actually wins. Nonetheless, many believe that Tesla is a futuristic company. As a matter of fact, visionary corporations like Tesla wins at the end of the day.