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Tesla Daily: Tesla News & Analysis

Short Shorts Released (07.05.20)

Tesla Daily: Tesla News & Analysis

Rob Maurer

Tech News, Technology, News

4.81.1K Ratings

🗓️ 5 July 2020

⏱️ 4 minutes

🧾️ Download transcript

Summary

➤ Tesla has added a new product to their merchandise store: Tesla Short Shorts
➤ Elon Musk has joked about releasing the product for the last two years
➤ Does the timing and description of the new product give us incite into Tesla's Q2 earnings report, expected in late July?

Twitter: https://www.twitter.com/teslapodcast
Patreon: https://www.patreon.com/tesladailypodcast

Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Executive producer Bryce Langlotz
Music by Evan Schaeffer

Disclosure: Rob Maurer is long TSLA stock & derivatives

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody Rob Maower here with a quick bonus weekend episode because Tesla has finally released Tesla Short Shorts into their merchandise shop.

0:15.0

In Classic Elon Musk style, the man that was born 69 days after April 20th,

0:19.4

Tesla has priced the Shorts at $69.420. If you're not familiar with the Shorts joke, this is in reference to people

0:27.7

that short Tesla stock or bet against Tesla stock. A high number of short sellers and

0:31.7

vocal Shortssellers is something that Tesla has had to combat for their entire history pretty much

0:36.0

So Elon has often responded to the shorts antagonization in kind with his own antagonization on Twitter

0:42.4

Calling for things like the short burn of the century,

0:44.6

posting music videos with lyrics of who likes short shorts, and then saying he would send

0:49.0

infamous short seller David Einhorn a box of short shorts to comfort him through his difficult time of not renewing his Tesla lease.

0:56.4

Quickly thereafter, Einhorn did actually receive a box of short shorts.

0:59.8

That didn't actually come from Elon, though. It came from the short company, Chubbies.

1:03.4

But that did seem to put the idea in Elon's mind and back at that time in August of 2018,

1:08.4

he tweeted, quote, Short Shorts coming soon to Tesla merch, end quote.

1:12.2

So it has taken some time but Elon now finally

1:14.6

delivering on that promise from 2018 with Tesla stock hitting new all-time

1:18.4

highs after just beating consensus estimates pretty significantly for the Q2 delivery and production report.

1:25.2

The timing of the release of the short shorts is pretty interesting though even from an investor

1:28.9

perspective.

1:29.9

As weird as it is to talk about some of this stuff sometimes it is still worth looking

1:33.7

into for us and the timing here is definitely interesting remember at the end of

1:37.3

the quarter Elon Musk sent an email out to all Tesla employees saying that

1:41.3

breaking even was looking super tight that it made a difference

...

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