Elon Musk

Tesla trolls shorts by selling branded red satin shorts

Summary

Tesla mocks short-sellers, lists short-shorts on its website Description video: The \”Squawk Box\” crew talk about several of the morning’s top stories. Subscribe to CNBC PRO for access to investor and analyst insights on Tesla and more: https://cnb.cx/2BT2E7y\n\n» Subscribe to […]

Tesla mocks short-sellers, lists short-shorts on its website

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Tesla trolls shorts by selling branded red satin shorts

After Tesla Inc surpassed Toyota Motor Corp. As the world’s most expensive automaker and stunned the public with surpassed shipments, the company took the time to laugh at skeptics by launching red satin shorts..

«Limited edition short shorts available», – wrote the CEO on Sunday Elon Musk.

Musk sent a box of shorts to a hedge fund owner in 2018 David Einhorn, who bet on a decline in Tesla shares.

«Short shorts» Tesla’s website has a gold-embroidered lettering on the back «S3XY», formed from the names of Tesla car models.

The shorts are priced at $ 69,420, the last three digits are a clear reference to Musk’s infamous 2018 tweet, which he saw as a private acquisition of Tesla at $ 420 a share, with 420 («four-twenty», «four to twenty») is also the code word for marijuana.

This tweet cost Elon Musk his position as chairman of Tesla, as the US Securities and Exchange Commission (SEC) sued the head of Tesla, accusing him of fraud.

However, the Silicon Valley car manufacturer has reason to brag. Its shares have nearly tripled this year to just over $ 1,200 a share, and more than 90,000 EVs were sold in the second quarter, despite falling sales from all other global automakers hit by the coronavirus shutdown..

«Run like the wind or have fun like Liberace», – stated in the product description, with the addition: «Enjoy exceptional comfort from the closing bell». Item will be shipped within 2-4 weeks.

Tesla is expected to announce earnings results for the April-June quarter this month. Analysts say second-quarter shipments have raised expectations that the company will report four consecutive quarters of profit for the first time in its history..

Tesla trolls shorts by selling branded red satin shorts