Summary
At a Wisconsin rally, Elon Musk complained about personal attacks and financial losses tied to his role as head of the DOGE.
He insisted he’s not stealing from Social Security, saying it’s actually costing him money—citing Tesla stock’s sharp drop.
Musk whined about Governor Tim Walz mocking the stock’s decline, calling him “a big jerk.”
Despite the criticism, Musk is pouring millions into Wisconsin’s Supreme Court race, while lamenting the pressure he faces for pushing controversial reforms.
What is so crazy is that at the same time I see a headline with “Tesla’s sales plummet 13 percent as Musk backlash grows” and yet TSLA is up 4.72% at the moment.
W T A F
Sales plummet 13%. Stock goes up nearly 5%.
Too many people shorting?
Shorting would drop the price.
Not always, right? Like if there is a short squeeze.
That is a very specific and unusual circumstance.
Shorts have to be bought back after the term. You borrow it, sell it, and buy it back after so much time and give it back to the lender. You think the stock is shit so when you buy it back it will be lower cost than what you sold for and you keep the difference.
Too many shorts all at the same time and now everyone is buying it back and driving up the price, but that just rarely happens, and when it does happen it will work itself out in a few days or weeks.