Amid Musk's Struggles, a Win for His EnemiesNewser — Arden Dier
If so, he did not succeed. Though Tesla's share price rose from $350 to $387 the day of his Aug. 7 tweet, it has since fallen below the initial mark.
(It was around $321 on Tuesday afternoon.) Both Vox and the Guardian estimate that short sellers have made more than $1 billion since the tweet.
The latter newspaper also notes that Musk has a history of battling with short sellers, a battle that has become increasingly "vituperative and personal." For example, he approved of a taunting tweet, a pair of shorts, sent to one fund manager.
- Key Order Floats Around White House, 'Author Unknown'
- Eatery Probed Over Its Way of Calming Lobsters
- Nordstrom Takes Heat for Pricey, Shabby Sneakers
This article originally appeared on Newser: Amid Musk's Struggles, a Win for His Enemies