Hacker News Reader

I feel like Tesla is sort of an opposite situation.

These short-sellers that Reddit is going after, would swamp the media with FUD articles to drive Tesla stock down. They bet on Tesla to lose, and when Tesla didn't lose, they tried to drive them out of business by manipulating the media.

View on HN

I have some direct career experience with this, and without getting into details, I think in the TSLA case (and related cases) the short sellers didn't do much aside from going on TV and saying "I'm short and this is my reasoning."

The media coverage (I don't want to use the pejorative word "manipulation" and I have no reason to believe the coverage was intentionally biased) largely favored Musk and his companies, at that time and in the present day.

Reply on news.ycombinator.com