Elon Musk

Elon Musk took aim at short-sellers once again in a tweet praising the world’s biggest pension fund for cracking down on shorts.
“Bravo, right thing to do! Short selling should be illegal,” the Tesla and SpaceX CEO responded to the news that Japan’s Government Pension Investment Fund will no longer allow shares to be loaned out from its $370 billion overseas equity portfolio.
Tesla is one of the most-shorted stocks in the US, with about 23% of its publicly traded shares on loan.
Musk has previously described short-sellers as “jerks who want us to die” and “value destroyers.”
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Elon Musk took aim at short-sellers once again in a tweet praising a crackdown on shorts by the world’s biggest pension fund.

“Bravo, right thing to do! Short selling should be illegal,” the Tesla and SpaceX CEO responded to the news that Japan’s Government Pension Investment Fund will no longer allow shares to be loaned out from its $370 billion overseas equity portfolio.

Tesla is one of the most-shorted stocks in the US with about $8.3 billion in short interest, representing around 23% of the electric-car manufacturer’s publicly traded shares. The short-sellers include famed fund managers David …read more


Source:: Businessinsider – Finance

      

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