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Season 3, Episode 1: Tesla
Acquired
The Board of Directors of Tesla, Spaceax and Solar City
Elon musk's company, tesla, sells a huge number of cars in the first quarter of two thousand 13. So many cars that they post a profit. They announce all this at their first quarter earnings call in may of twenty thirteen. The stock was trading about thirty dollars. It jumps immediately to a hundred and thirty dollars. All of the short sellers that had built up the short positions in the stock, they take huge losses....
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Listen to the best highlights from the podcasts you love and dive into the full episode