قالب وردپرس درنا توس
Home / Business / How Tesla and Elon Musk subtly deceived the short sellers after Q3 earnings

How Tesla and Elon Musk subtly deceived the short sellers after Q3 earnings



Tesla’s Elon Musk has an ingenious way to deceive people who are not involved in his company’s mission. Whether car companies are refusing to adopt any kind of EV plans for future vehicles, or hedge fund managers pump large amounts of money into short selling Tesla shares, Musk always seem to offer a witty Tweet or a perfectly priced short shorts, just to rub salt in the wound to be effective.

A week after his company reported its biggest quarter, combined with extending Tesla’s profitable quarterly streak to five, the magic shorts reappeared. Those not fortunate enough to receive a “short” hilarious blow on non-Tesla followers with the first truck of the S3XY shorts received their completion earlier this week.

At $ 69,420, related to Musk̵

7;s life in some ways, the S3XY shorts were available for the first time just before Tesla reported its fourth consecutive quarterly profit in Q2 2020.

If you wonder how those two childish funny digits relate to the Tesla CEO, they are his favorite numbers. And coincidentally, his birthday was 69 days after April 20, a day notorious for cannabis culture.

Somehow, when all the chips were stacked against Tesla, the automaker was able to get through. Despite plant closures in the first half of 2020 in the US and China, Tesla is still profitable. The company beat Wall Street estimates with ease, which is a perfect step up for the third quarter, which will ultimately be Tesla’s biggest quarter to date. However, while Q2 saw more adversity than Q3, the timed second arrival of the S3XY shorts complements another quarter where everyone assumed Tesla couldn’t and wouldn’t. That’s the exclamation point at the top of the biggest three-month period in company history.

Bigger than a pair of shorts

Tesla has always been a small company, but at a big disadvantage. When the company decided to build its first car, the 2008 Roadster, it was entering a slumping auto market hit by its worst economic period since the Great Depression. Even so, the US is still recovering and auto jobs are trying to regain some momentum as some of the biggest names in the car business are getting help from the government to keep the door open. their openness.

Arguably the worst time to start a company, Tesla is executing its plan. It is fighting the worst economic times in the 21st century and trying to completely change the wave of “standards” for a car. Everyone knows that past EVs tests have been unsuccessful. So what will be different here?

Fast forward 12 years. Tesla is the big man on the campus, even though it is the youngest of the “large-scale” automakers. Gasoline-powered car companies are closely following Tesla’s lead in a desperate effort to get involved. In the span of eight years, since the introduction of the Tesla Model S, the legacy automakers have shifted from “we don’t worry” to “total panic mode”, all for everyone’s sake. out that pay a better fee than it. is to pay for a tank of gas. Not only is it better for the environment, but better for the wallet as well.

Tesla is proving to be the most dominant company in the world in car manufacturing, and if you question the potential of its products, you’ll be alienated from the inspiration for shorts. short, satin red, with gold trim.

Investors and analysts have been suspicious of Tesla since Day One is being proven wrong on what appears to be everyday. US demand collapsed? Are not. Do European companies dominate Tesla in their own backyards? Not necessarily. No demand in China? Guess again.

Whether those slick shorts will appear after the company hits its biggest income is forever a mystery, but the timing seems too good to be true. Whatever the case may be, people are still wearing their S3XY shorts, and investors and analysts have doubted Tesla once again being hit by the funniest man in the industry. To: Elon Reeve Musk makes reel.




Source link