Elon Musk mocks Short Sellers of Tesla stock

Tesla is selling the 'S3XY' shorts on its website
Tesla is selling the 'S3XY' shorts on its website

Tesla boss and SpaceX guru Elon Musk has followed through on a joke to sell short shorts through Tesla's online store. The items are being sold in a limited-edition run, apparently only for the purpose of criticizing the electric car-makers' short sellers, at a price which references a puerile internet meme about a sexual position and cannabis consumption.

Musk, who recently turned 49, has often criticized short sellers on Twitter and initially suggested that Tesla would sell "fabulous short shorts in radiant red satin with gold trim" in a series of messages mocking the short sellers practice.

Short sellers are people who borrow and then sell stock, anticipating a decline in price when they will buy it back for less money – thus making a profit when the stock drops in value.

The Tesla chief executive jibed that he would "send some to the Shortseller Enrichment Commission to comfort them through these difficult times" and said they would cost $69.420.

$420 was the price of Tesla Stock when he said he would take the company private. Today the price closed over $1,300 per share and the short sellers have lost $ billions in one of the greatest financial baths of all-time.

Musk can't stop laughing at them.

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