Limited Edition Short Shorts for $69.420 sold out immediately — Q2 Profit for Tesla?
That was fast: Within a few hours all short shorts from Tesla were sold out. A nice provocation to the short sellers at the very nice price of $69.420.
With the list of stocks that are sold short the most, Tesla always appears at the top. Since the beginning of the year the stock has made over 200 percent — means massive losses for shortsellers. 250 billion dollars plus is Tesla’s value on the stock market as of July 7, 2020 — most valuable car manufacturer of all.
Tesla CEO Elon Musk now presented these red satin shorts with the inscription S3XY on the back on Twitter:
The description states:
„Celebrate summer with Tesla Short Shorts. Run like the wind or entertain like Liberace with our red satin and gold trim design. Relax poolside or lounge indoors year-round with our limited-edition Tesla Short Shorts, featuring our signature Tesla logo in front with “S3XY” across the back. Enjoy exceptional comfort from the closing bell.“
All shorts are sold out. The delivery time is several weeks. Because strongly limited, the resale prices should be significantly higher than the $69.42.
Especially the last sentence in the description could be an indication that the second quarter was also profitable. The figures will be published on July 22, 2020.
Bottom line: Quite apart from whether the current valuation makes sense at the moment (it will one day), the recent stock market rally makes clear once again that it remains stupid to bet against Tesla, against Elon Musk.