Short sellers pocket $510 million off Elon Musk's pot smoking interview

Short sellers pocket $510 million off Elon Musk's pot smoking interview

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/07/elon-musks-pot-smoking-pays-off-for-tesla-short-sellers.html

Short sellers betting against Tesla made more than half a billion off the stock's slide on Friday.

After a bizarre video showing CEO Elon Musk smoking pot on a podcast surfaced and a pair of C-level executive resigned, those betting against the company raked in $510 million in mark-to-market profits as Tesla fell more than 5 percent price, according to estimates from Ihor Dusaniwsky, S3's head of predictive analytics.