No sooner did we report that Tesla "beat" its delivery estimates on Thursday morning by producing 4.8% less cars than last year, even with the addition of Shanghai and the Model Y - and no sooner did another block of $1500 September 2020 calls totaling more than $5 million go off, helping ramp Tesla's stock higher - than outspoken CEO Elon Musk himself took to Twitter for a victory lap.
By which we mean spitting in the faces of both the Securities and Exchange Commission and short sellers, despite that Musk remains enjoined by a settlement with the SEC to pre-clear all tweets and has not answered critical questions about the company's accounts receivable raised by one of the world's most high profile investors and short sellers, David Einhorn.
In one Tweet, Musk may be asking the SEC to "suck Elon's cock" when he Tweeted out: "SEC, three letter acronym, middle world is Elon's".
And in a separate exchange that alludes to that phrase, Musk seems to admit that it is exactly what he meant by his acronym.
Musk also took to Twitter to make various jokes about short sellers. "Who wears short shorts?" Musk asked. Clever.
This was followed by Musk saying "Tesla will make fabulous short shorts in radiant red satin with gold trim." He said he would "send some to the Shortseller Enrichment Commission to comfort them".
Pretty much.... pic.twitter.com/B8kJOq8bKN— Gubb (@gubbmintcheese) July 2, 2020
Recall, in his latest letter to investors published in May by Greenhorn's David Einhorn, the hedge fund billionaire - smelling blood, not to mention various mind-altering drugs emanating from Musk's Twitter feed - tripled-down on his years-long feud with the Tesla CEO.
"For the last several quarters, TSLA has carried accounts receivable balances that are difficult to reconcile with its business model – where customers pay before taking delivery," Einhorn said.
But just as no one at the SEC seems to care at all about Musk's settlement regarding his Twitter use, nor do they seem to care about serious financial questions raised by short sellers and analysts like Gordon Johnson, we're sure they won't care about Elon telling them to - well, you know...
I’d like to buy a vowel pic.twitter.com/ZJp0IUh4B2— Ramp Capital (@RampCapitalLLC) July 2, 2020