Donâ€™t Tell Shareholders That Maybe Itâ€™s â€œNot So Crazyâ€ To Short Your Own Companyâ€™s StockÂ . . .
Amazingly, thatâ€™s exactly what Elon Musk, the usually brilliant founder of PayPal, Tesla and SpaceX, said on the air last week to a Fox Business reporter about Teslaâ€™s stock price sending the stock on a momentary but fairly precipitous downward trajectory. He then only made matters worse during his attempt to cover by explaining that shorting Tesla still â€œprobably isnâ€™t a good ideaâ€ â€“ not exactly the most reassuring words to hear from a CEO.
Obviously, Iâ€™d still love nothing more than to own a Tesla, but Elon has absolutely earned special notice for this one.