A shortage of short shorts leaves Tesla fans frustrated
By Sun, Dec 6, 2020
In fact, according to the Financial Times, the electric-car company can’t keep pace with demand. It all started earlier this summer when CEO Elon Musk came up with the idea to poke fun of those betting against the stock (short sellers) by offering up red satin Tesla-branded “short shorts” online.
Fast forward five months and some Musk loyalists still haven’t received their saucy little outfits. One disappointed customer aired his frustration to the FT, saying that “Tesla can’t even deliver a pair of shorts in over five months. What did they do with all that money?”
Others took to Twitter TWTR, -0.13% to vent:
Then again, there were also plenty of satisfied customers:
Meanwhile, the targets of Musk’s “short shorts” mockery have had a brutal year, as Tesla shares have ridden a stock split and inclusion in the S&P 500 SPX, +0.88% to a six-fold return and a $568-billion valuation. S3 Partners reported that the shorts have lost $35 billion on their Tesla positions so far this year, including $8.5 billion in November alone.
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