🚗Tesla Senior VP sells 82% shares, CEO #ElonMusk says ‘If they don’t….they will be…’

Tesla Senior VP, Tom Zhu (Xiaotong Zhu), has sold 82% of his Tesla shares since 2023, with prices ranging from $174 to $323 per share. 🤔 This has sparked curiosity about insider confidence, especially as CEO Elon Musk continues to warn short sellers. On X (formerly Twitter), Musk posted that if short sellers don’t exit before Tesla achieves full autonomy, they will be "obliterated." 💥

What is Short Selling? 🤨

Short selling is a risky strategy where investors bet a stock’s price will drop. 📉 They borrow shares, sell them, and later buy them back at a lower price to pocket the difference. For example, if someone borrows 10 Tesla shares at $300 each, sells for $3,000, and buys them back for $250, they make a $500 profit. 💰 But if the price goes up, losses can be unlimited. 😱

Musk's Previous Warnings ⚠️

Musk has a history of clashing with short sellers, including Bill Gates. 🏢 Gates reportedly took a short position against Tesla stock, losing $1.5 billion in the process. 💸 Musk has warned that if Tesla becomes the world's most valuable company, even Gates could go bankrupt. 💥

Musk’s remarks underline his confidence in Tesla's future 🚗 and the company's move toward full autonomy. 🌐

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