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Shorting Tesla Stock A 'Dumb Idea,' Says Bull: This Is What Happened When Last Time Elon Musk Talked About 'Obliterating' Shorts

Benzinga ·  Jul 9 04:48

Tesla, Inc.(NASDAQ:TSLA) shares have been on a nine-session rally and bullish analysts have affirmed their confidence in the sustenance of the rally even as bears fret over the unsustainable valuation relative to the electric-vehicle maker's fundamentals.

What Happened:Last Tuesday, when Tesla fans and influencers were discussing the stock rally seen since June 25, Tesla CEOElon Muskbutted in and said, "Once Tesla fully solves autonomy and has Optimus in volume production, anyone still holding a short position will be obliterated. Even Gates."

Tesla autonomy refers to the company's full self-driving (FSD) technology...

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