In his upcoming biography by Walter Isaacson, Elon Musk strongly criticized short-sellers, describing them as “leeches on the neck of business,” Business Insider reported.
Musk recalled a period in 2018 when his company, Tesla Inc. (NASDAQ:TSLA), held the record as the most-shorted stock. He recounted how they had inside information about Tesla and even used drones for real-time monitoring of the company’s factories.
“They organized themselves into a shorty ground force and a shorty air force. The degree of inside information they had was insane,” he said.
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In the spring of 2018, Musk promised a significant increase in the production of Model 3. This led to a surge in short-selling of Tesla stock. Prominent investors …
