After surpassing Toyota Motor Corp as the world’s most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company’s naysayers – with sales of red satin shorts.
THE SHORTS COST $69.420
“Limited edition short shorts now available,” CEO Elon Musk tweeted on Sunday.
Musk has often taken umbrage at short-sellers and in 2018 sent a box of shorts to hedge fund owner and Tesla short-seller David Einhorn.
The shorts cost $69.420, the last three digits an apparent reference to Musk’s infamous tweet in 2018 that he was considering taking Tesla private for $420 per share, with 420 also a code word for marijuana.
The Silicon Valley car maker, however, has reason to crow. Its stock has almost tripled in value this year to just over $1,200 per share and it sold more than 90,000 of its electric vehicles in the second quarter, defying a trend of plummeting sales for other automakers hit by coronavirus-induced lockdowns.