Elon Musk Doesn't Believe In Short Selling
Elon Musk expressed his disapproval of short selling in a tweet where he praised Japan's Government Pension Investment Fund for no longer allowing shares to be loaned, according to Markets Insider.
Musk tweeted "Bravo, right thing to do! Short selling should be illegal." The tweet was in response to Japan's Government Pension Fund not allowing shares to be loaned out from its $370 billion overseas equity portfolio.
Musk seems to have a personal issue with short selling because Tesla is one of the most shorted stocks in the United States. Around 23 percent of its shares available on the market are on loan.
"They're jerks who want us to die," Musk said to Rolling Stone two years ago. "They're constantly trying to make up false rumors and amplify any negative rumors. It's a really big incentive to lie and attack my integrity. It's really awful."
Elon Musk tweeted that short selling should be illegal after a Japanese pension fund announced it was restricting loans of its equity portfolio.