Musk Pledged to Burn Shorts "Flamethrowers Coming"

Mike Mish Shedlock

Elon Musk pledges the "short burn of the century". Flamethrowers coming soon.

The Bizarre story at Tesla continues today with this Tweet.

CNBC reports Elon Musk defends his strange conference-call performance, promises 'short burn of the century'

Reuters keeps the amusement going with this report: Musk calls move to snub Tesla analysts 'foolish'

“I should have answered their questions live. It was foolish of me to ignore them,” Musk wrote in a tweet.

La La La

Mike "Mish" Shedlock

Comments (14)
caradoc-again
caradoc-again

What happens if results are allowed to speak for themselves and the oxygen of publicity denied? Same for companies, CEOs and politicians. Just mentioning them perpetuates the B.S.

No. 1-14
Wagner-
Wagner-

So to all keyboard warriors here - is Tesla a good short or not? Is it going to file for bankrupcy?

P.S. I have put my money where my mouth is and I am long TSLA.

KidHorn
KidHorn

Musk is like Trump in many ways. Mention this to a liberal and watch their face turn red with anger.

abend237-04
abend237-04

Elon, I think that burn thingy you're smelling is stockholder's cash, @$962 million per quarter.

Wagner-
Wagner-

@TheLege Why don't you short it? You can buy PUT options, sell CALL options or just sell-short.

Don't try to find excuse to not short TSLA because Fed may buy TSLA stock. It won't. Both of us know it. Don't be silly.

TheLege
TheLege

How do you know I'm not short FFS? I took profits on my Apr 18 Puts a few weeks back when TSLA cratered and am looking to re-establish the position. Why don't you go and troll somewhere else you pompous ass? Get a life, find some friends, explore the world.

Wagner-
Wagner-

@TheLege Most likely you are full of BS if you are trying to convince me that you successfully shorted TSLA via Apr18 long PUT position.

First, I may have believed you if you told me you shorted TSLA by shorting TSLA CALLs. But you lost your credibility by claiming to have successfully shorted TSLA with long PUTs (unless you really have psychic capabilities to exit before option expiration at a local dip and bought your options just before the dip - WHICH IS UNLIKELY). Anyone who knows what is Theta (which is quite obvious you don't) and looks at the last 3 month TSLA stock prices would know that "on average" there was no shorting oppurtunity through PUT options.

How do I know? Because I am on the other side of trade and actively writing PUTs and I am in the green. Even the slightly out of the money PUTs that I sold to guys like you one week before the earnings were green immediately after the May 3 "carnage" when it dropped ~7% to $276.

I really hope that one day you will "man up" and short TSLA for real. You deserve to bet against future.

Second, April 18th was Wednesday. Only VIX options expire on Wednesdays. Everyone knows that options for stocks like TSLA expire on Fridays (which is quite obvious you don't).

Since April 18th 2018 by some doomsday folks was proclaimed as the end of the world day, then you are just trolling around here.

For now, you have lost any remaining credibility you had before. Be ashamed of yourself you troll. Probably you are long TSLA and have been telling folks here that it is good idea to short TSLA and then will profit on the upcoming short squeeze at their expense.

Ambrose_Bierce
Ambrose_Bierce

What does a stock have to do with the companies fundamentals? This reminds me of the Overstock complaint (NAKED shorts) and the solution then (like now) is to get more of the float into the closely held designation. Stop lending shares to people who want to knock your share price down. By analogy I shorted PF CHANG, a crappy franchise, and it fell apart, and then what? They took it private at a huge premium and I got killed. Think about it. Everyone hates the shorts and this is no greasy spoon, this guy puts rockets in space.

MorrisWR
MorrisWR

In general stock prices do not follow fundamentals, except perhaps in the long run or when market participants are using logic. Psychology drives the prices more than anything. As to the argument over whether someone made money on Tesla puts or not, I would not assume it impossible if they were trading short term. When I was a trader, I would hold less than a day on some positions when an expected outcome came to fruition. One such trade was a suspected buyout that I did not expect to go through and it fell apart within a day of my position so there was no reason to hold it. I rarely held any option positions to expiration (unless perhaps I was selling).

MorrisWR
MorrisWR

Good advice and I did that occasionally but I was more a short term speculator. It was stressful at times but paid well.


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