Elon Musk 'Won, It's Over': 'Pharma Bro' Defends Tesla Against Short Sellers

Benzinga

Martin Shkreli praised Tesla and Elon Musk as “great,” dismissing short-sellers and noting Musk “won.” His remarks come as Tesla faces $37B in short positions, with shares down 0.7% but up nearly 15% year-to-date.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Martin Scrawley defended Tesla and its CEO Elon Musk in a series of post-it acts, according to Benzinga.

00:07Investor once dubbed the Pharma Bro, called the electric vehicle maker a great company with great management.

00:12Scrawley was recently short in quantum computing stocks, said he does not understand Tesla's short-seller community,

00:17known as TSLAQ, adding that Musk won and is the richest man in the world.

00:21Scrawley's comments come as Tesla faces renewed short interest with about 2.96% of its float,

00:26or roughly $37 billion in shares, sold short.

00:30According to Benzinga Pro, Tesla's stock was down 0.7% to $435.54 on Thursday and is up 14.8% year-to-date.

00:39For all things money, visit Benzinga.com.

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