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How or why is TSLA stock considered unshortable or very dangerous to try to short? (sopuli.xyz)

submitted 10 hours ago by sopularity_fax@sopuli.xyz to c/nostupidquestions@lemmy.ca

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[–] wetbeardhairs@lemmy.dbzer0.com 5 points 9 hours ago (1 children)

My theory is that Musk personally controls a few billion in liquid cash that he uses to straw purchase large amounts when he needs to pump the stock. Then he slowly sells, not necessarily to make money, but just to refill the liquid funds necessary to pump the stock again at the right time.

[–] ileftreddit@piefed.social 1 points 8 hours ago (1 children)

I mean with his wealth he could have a slush fund of like 80 billion and not even flinch

[–] wetbeardhairs@lemmy.dbzer0.com 1 points 8 hours ago

It would have to be a straw purchase to avoid issues with mandatory reporting laws since he is a major stock owner. So I'm sure his personal liquid funds are kept far removed.