+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

ELON MUSK WARNS: A 'Tsunami Of Hurt' Is Coming For Anyone Betting Against Tesla

Sep 13, 2013, 04:00 IST

Fox Business NewsElon MuskThere is no shortage of skeptics betting against Elon Musk and his electric car company Tesla.

Advertisement

But there's also no question that Tesla has come much farther than many have expected.

Earlier this year, the company managed to deliver its first and second net profits (adjusted for items) ever.

Still, the short interest on the stock is about as high as it goes.

"I think it's very unwise to be shorting Tesla," warned Musk in an interview with Fox Business News' Liz Claman. "There's a tsunami of hurt for those holding a short position. It's going to be very unpleasant. I advise people to exit while there is still time."

Advertisement

Watch the video here. The discussion about the stock begins at 4:45:

Watch the latest video at video.foxbusiness.com
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article