I have no doubt that shorts are responsible for some of the downward pressure on the stock since Musk’s “announcement” , but they couldn’t possibly succeed if enough new money saw the opportunity to make a quick 20% return. I can understand why a majority of investors are sitting on the sidelines. They’ve been reading an endless parade of negative press about the transaction, and they distrust Elon based on years of bad press and other biases. But this isn’t an election where a majority wins. Only a handful of wealthy people are needed to flood the market with buy orders. Does anyone have an explanation as to why so unbelievably few of the trillions of dollars of investable capital have come off the sidelines to take advantage of this unique opportunity? The only explanation I have is that perhaps in the modern era nearly all large wealth is now “professionally” managed, and these professionals are all in an echo chamber, and overly cautious by nature. But I have trouble believing there aren’t enough outliers to come in and scoop up this opportunity.