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

submitted 1 day ago by sopularity_fax@sopuli.xyz to c/nostupidquestions@lemmy.ca

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[–] wetbeardhairs@lemmy.dbzer0.com 3 points 19 hours ago (1 children)

That's what a straw purchase is in this context. Musk owns and controls the money, but he has 3rd parties perform the transactions to avoid the scrutiny and reporting. That allows him to cause massive swings in the stock price when he deems it necessary and prevent it from settling back to reality at $20 a share.

[–] genau@europe.pub 1 points 17 hours ago

Ah ok. I was not aware of this terminology.