Sunday, January 31, 2021

Action? Reaction!! Feds Land on Musk

Anyone who knows this blog knows we are not fans of Elon Musk.  But isn't it curious how Musk got a little warning-shot?

...The Tesla CEO has been sparring with Wall Street bears for years. This week, he has leveraged Twitter TWTR -2.02% to help fuel the populist frenzy over GameStop Corp. GME 67.87% and other companies to stick it to the short sellers once more, the Wall Street Journal reported.

“Here come the shorty apologists. Give them no respect. Get Shorty,” Mr. Musk tweeted Thursday to his more than 40 million followers.

On Wednesday, GameStop shares more than doubled after Mr. Musk tweeted “Gamestonk!!” the previous afternoon, linking to the popular Reddit forum WallStreetBets. Stonk is a play on the word “stock.”


Coincidentally, today, we learn that the Department of Justice is investigating Elon Musk’s SpaceX after it was accused of discriminating against non-U.S. citizens in its hiring process....
 Just co-incidence.  Nothing to see here.  Move along.

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