Elon Musk's strict warning to short sellers after Tesla Senior VP showered 82% of the shares: Here's what he said

Tesla’s senior vice president Xiaotong Zhu (also known as Tom Zhu), sold more than 82% of his Tesla investments. Share sales took place between 2023 and 2024 at prices ranging from $ 174 to $ 323 per share, according to Securities Submission. This big sale by a top manager asked questions about the confidence of the insider in the business. Elon Musk’s warning to short sellers amid news about selling shares, Tesla CEO Elon Musk issued a strong warning to short sellers. In a post on X (formerly Twitter), he said that short sellers would be “eradicated” if they did not leave their short positions until Tesla “reached autonomy on scale”. Musk’s comment was a direct response to a list of current net short sellers from the electric vehicles manufacturer (EV). What is short -sale short -sale ISA trading strategy where an investor makes a profit from a drop in the price of a stock. The process involves: borrowing: An investor borrows shares from a broker that sells: The borrowed shares were immediately sold at the current market price. Buy back: Later, if the share price drops, the investor buys the same number of shares at a lower price. Profit: The shares are then returned to the broker and the difference between selling price and the repurchase price is the profit of the investor. Short sales are considered a high-risk strategy because potential losses are unlimited as the share price rises instead of falling, as the investor still has to repurchase the shares at a higher price to return it to the broker. Elon Musk’s previous feud with Bill Gates Elon Musk has a history of collision with short sellers, including Microsoft, co-founder Bill Gates. Their feud stems from Gates’ short positions against Tesla shares. According to Walter Isaacson’s 2023 biography of Musk, this short position allegedly resulted in a $ 1.5 billion loss for Bill Gates. In an earlier post about X, Musk warned that “If Tesla is by far the world’s valuable company, that short position will bankrupt even Bill Gates.”