Musk warns Space X of short-selling risks
This week, Tesla's second-quarter performance fell short of expectations. The stock price fell by about 14.5% the day after the earnings report was released, and its market value evaporated by about US$214.5 billion. Musk’s other space exploration technology company, SpaceX, is currently more than a month away from its initial public offering. The stock price has fallen below the issue price, and the number of investors betting on its stock price is still increasing. Data shows that the current short position of SpaceX has risen to about 32% of the outstanding shares.
This week, Tesla's second-quarter performance fell short of expectations. The stock price fell by about 14.5% the day after the earnings report was released, and its market value evaporated by about US$214.5 billion. Musk’s other space exploration technology company, SpaceX, is currently more than a month away from its initial public offering. The stock price has fallen below the issue price, and the number of investors betting on its stock price is still increasing. Data shows that the current short position of SpaceX has risen to about 32% of the outstanding shares. In this regard, Musk warned that institutions that maintain large-scale short positions in SpaceX for a long time have a "very low probability of survival." The market is still paying attention to the possible merger of SpaceX and Tesla. Musk neither admitted nor denied this at the financial report, but said that there will be more and more business overlap between the two companies. Some Wall Street analysts are now increasingly optimistic that the two companies will eventually reach a deal.