Tesla mocks shortsellers with sale of red satin shorts

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NEW YORK (REUTERS) - After surpassing Toyota Motor as the world's most valuable automaker and stunning with forecast-beating deliveries, Tesla has taken time out to poke fun at the company's naysayers - with sales of red satin shorts.. Read more at straitstimes.com.

NEW YORK - After surpassing Toyota Motor as the world's most valuable automaker and stunning with forecast-beating deliveries, Tesla has taken time out to poke fun at the company's naysayers - with sales of red satin shorts.Mr Musk has often taken umbrage at short-sellers and in 2018 sent a box of shorts to hedge fund owner and Tesla short-seller David Einhorn.

The shorts cost US$69.420, the last three digits an apparent reference to Musk's infamous tweet in 2018 that he was considering taking Tesla private for US$420 per share, with 420 also a code word for marijuana. The Silicon Valley car maker, however, has reason to crow. Its stock has almost tripled in value this year to just over US$1,200 per share and it sold more than 90,000 of its electric vehicles in the second quarter, defying a trend of plummeting sales for other automakers hit by coronavirus-induced lockdowns.

 

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