Elon Musk would prefer if Tesla, which is known for its volatile share price and is among the most heavily shorted stock, were a private company, but acknowledged during an earnings call Wednesday that it wasn’t likely. Musk can dream, can’t he? “Unfortunately that ship had sailed,” Musk said flatly, in response to a question […]
Elon Musk would prefer if Tesla, which is known for its volatile share price and is among the most heavily shorted stock, were a private company, but acknowledged during an earnings call Wednesday that it wasn’t likely.
Musk can dream, can’t he?
“Unfortunately that ship had sailed,” Musk said flatly, in response to a question from Morgan Stanley analyst Adam Jonas.
Musk said Tesla as a public company was a distraction at times and then added, “I’m not sure what to do about it.”
The question came up as an increasing number of investors, known as shorts, bet that Tesla’s stock will decline. The stock is one of the largest automotive shorts globally, according to S3 Partners.
