Elon Musk’s Tesla going private tweet is probably going to be in the hall of fame tweets. It is amazing how much has been written about this story, especially now when regulators have gotten involved.
“Funding secured” is the key phrase in this tweet. The twisting of this phrase has only begun and will keep people busy.
Musk is definitely not a fan of short sellers, which is probably the biggest factor for the tweet.
What is right or wrong we will leave to pundits to decide, but short sellers are not bad creatures. They simply look for opportunities, just as the long creatures do. After all, shorts must at some point buy back there shorts, creating a buy momentum.
NYT has just published a must read article on the Tesla tweet saga. Link here.
