On Tuesday, July 2, Elon Musk pointed out on social media that the situation for investors who continue to short Tesla will become very bad. Musk continues to oppose short selling and said that Tesla will solve the problem of autonomous driving, and the humanoid robot Optimus will also enter mass production. After Tesla released second-quarter deliveries that exceeded expectations, its stock price rose more than 10% in a single day.
On July 3, according to Caixin, Elon Musk issued stern warnings to some investors who continue to hold short positions in Tesla on Tuesday (July 2), interestingly naming Bill Gates.
For many years, Musk has always been outspoken against short selling, stating that this technique of making money by causing companies to go bankrupt violates investment principles.
In recent years, Tesla's poor performance has attracted many short sellers. Those who think Tesla is on the verge of financial collapse and short sell, believe that Tesla is a fraudulent company that has falsified financial data on its financial statements for many years, resulting in total losses of billions of dollars.
For those who still hold short positions, Musk believes that this is just the beginning of further pain for short sellers.
Musk pointed out that as Tesla continues to focus on solving autonomous driving problems through its full self-driving suite and with the production of its Optimus humanoid robot, the situation of short sellers who continue to hold short positions in the company will become very bad.
Musk also said on his social media, "Not even Bill Gates is exempt."
According to Tesla's latest production and delivery report for the second quarter of 2024, Tesla's delivery volume in the second quarter exceeded Wall Street's expectations.
In addition, Tesla plans to launch its self-driving car Robotaxi to the public and showcase its full self-driving technology and autonomous driving future vision at the Robotaxi Day event on August 8. This event will be the last step for Tesla to solve autonomous driving problems. Currently, Tesla is widely regarded as one of the market leaders in semi-autonomous driving technology.
Thanks to strong quarterly delivery data and the preview of Robotaxi Day, Tesla's stock rose more than 10% on Tuesday. So far, the stock has risen nearly 30% in the past month. In the past five years, Tesla's stock price has soared by more than 1,300%.
Dan Ives, a well-known strategist from Wedbush, recently raised Tesla's 12-month target price from the previous $275 to $300, or about 30% higher than the current stock price. Ives also expects the stock to reach $400 in 2025.