I believe Elon when he says he will be the last to sell TSLA. However, he needs shares to control the fate of the company.
I see this repeated often. Not sure if it's supposed to imply something.
What if Elon holds a 5M short TSLA position at average of $300 in some undisclosed foreign accounts? Does that need to be disclosed if he is not actively trading? Wouldn't that guarantee him a nice payout even if stock goes to $0?
There were few cases of CEOs shorting right before the doomsday, like here.
Can a CEO short his own company?
But if there is no active shorting, will holding a short position be okay?
What if some other Tesla execs hold short positions to lock in gains in unvested shares? With the high volatility, this won't be too surprising to me.
Can someone with knowledge confirm if this is even possible?
Now that I think of it, who tweeted out bankweepsy to millions when Moody's just mentioned cap raise?
Even most bearish analysts like Colin Langan didn't think Tesla was goign bankwupt. but cap raise is coming; doesn't matter what Tesla says.
Analyst: Tesla will have to raise capital if they don't ramp Model 3 by Q3
To keep it ON-topic: Too bad I missed out on my call options at $250 for just a tiny bit on the limit price.. This is one big upswing.
Edit: From this link, it seem US SEC doesn't require disclosing short positiosn yet.
SEC Might Require Hedge Funds to Disclose Short Positions?
But UK recently required it? Notification and disclosure of net short positions