QSM 475 week 5 discussion post draft

When the world-renowned electric car company Tesla laid off 9 percent of its 46,000
employee base in 2018, many stock enthusiasts predicted that their stocks would plummet.
However, the polarizing entrepreneur Elon Musk specifically predicted that their stocks would
rise in three weeks time despite the layoffs (Canal, 2018). Tesla is one of the most shorted
stocks on the market, meaning the company requires billions in new capital to hit its goals.

Reference:

Canal, E. (2018, June 18). Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound.
Retrieved from https://www.inc.com/emily-canal/tesla-short-selling.html