Elon Musk, the eccentric CEO of car company Tesla, has decided to sell hot red short shorts, which sold out instantly and even crashed the company's website.
But how did Musk end up selling shorts from electric vehicles?
Elon Musk's Sold Out Shorts
According to a report by Forbes, this was a jab against short-sellers of the Tesla stocks, who are betting against the company's stock and are anticipating a fall in its price so they could make a profit out of it.
Additionally, it's also a fulfillment of Musk's promise to his followers on Twitter, where he tweeted last week that he would be making "fabulous short shorts in radiant red satin with gold brim."
Will send some to the Shortseller Enrichment Commission to comfort them through these difficult times — Elon Musk (@elonmusk) July 2, 2020
Indeed, the CEO has made these limited-edition shorts and put them on sale last Sunday, July 5, only to be sold out within minutes and even crashing Tesla's website, making it impossible to access the site for a while. The description of the shorts read, "Celebrate summer with Tesla Short Shorts. Run like the wind or entertain like Liberace with our red satin and gold trim design. Relax poolside or lounge indoors year-round with our limited-edition Tesla Short Shorts, featuring our signature Tesla logo in front with 'S3XY' across the back. Enjoy exceptional comfort from the closing bell."
Limited edition short shorts now available at https://t.co/5EmNcTBvJv — Elon Musk (@elonmusk) July 5, 2020
As per the news outlet, the logo "S3XY" was in reference to the Tesla car models--and yes, it can also be read as "sexy."
A Jibe to Short Sellers
According to Yahoo! Money, a pair of the red satin shorts were available for $69.420, which is kind of an odd price point at first glance, but it's apparently another reference to $420, the price at which he said he would take the company private in 2018.
Because of the tweet, the Securities Exchange Commission sued Musk for securities fraud as it caused Tesla's stock price to soar. Nevertheless, he eventually settled and even stepped down as the company's chairman in 2018.
With the past issue between the CEO and the Securities Exchange Commission, the eccentric billionaire even tweeted out last week that he would "send some to the Shortseller Enrichment Commission to comfort them through these difficult times."
As of now, the company's stocks are still soaring, and they have even surpassed Toyota as the world's most valuable car company, with a $208 billion market cap.
An Asian Giga Factory Outside of China?
In related news, it seems like Elon Musk plans to expand the company further as he responded to a question on Twitter asking whether he was thinking of expanding "mega factories in Asia outside of China" to which he answered yes, as noted by Electrek.
Nevertheless, he did say that the company has to finish the Giga Berlin factory as well as another US Giga before creating another factory.
Additionally, he did not specify where he wanted to build the factory, but people quickly recommended making one in either Japan or South Korea, two countries that already have a strong presence in the automotive industry.
Musk also did not include any timeline, but it's most likely happening in the near future.
