share price: But that tweet now the subject of legal action and a regulatory inquiry so far has not led to an offer and Tesla's stock has fallen 19% to 308 share, according to The Guardian. Tesla shares soar after Elon Musk floats plan to take company private Read more Musk has frequently clashed with Tesla's short sellers investors who bet on a company's share price collapsing. The electric car company's shares soared 11% to 379 after Musk's so-called Tesla tweet that he had funding secured to buy out investors at 420 share. The battle between Musk and short sellers has become increasing vituperative and personal. What bothers me is not so much the personal stuff and the personal attacks. He has accused them of being saboteurs who want the company to die . As recently as mid-June, Musk predicted via Twitter that investors have about three weeks before their short position explodes . Arrayed against him are investors who have been willing to lose around 5bn since 2016 on their strong belief that Tesla cannot deliver on it promises.
(news.financializer.com). As
reported in the news.
Tagged under share price, sellers investors topics.