Hedge funds have made it clear they will short those who don’t meet ESG criteria, but the broader market is still willing to short Tesla because the bottom line means more. Despite all its sustainability credentials, investors are betting against Tesla. Bill Gates apparently took a big short stance, and Tesla CEO Elon Musk responded on Twitter, saying it was inconsistent with their environmental concerns. This all comes as Musk secured $44 billion to buy Twitter Inc. This isn’t the first time Tesla has been no stranger to short sellers, as sharks have swarmed the brand for years as they thought they couldn’t scale up production to meet the reality. request. Nevertheless, Tesla’s stock soared.
Final sum: Short positions in these crowd favorites can be extremely risky poison, there have been plenty of weird rallies in the internet age.
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