Musk Doubles Down on Claim Tesla Is All-Clear on Cash

Elon Musk announced that Tesla will not raise new capital this year and expects a $3 billion profit as production increases. He responded to criticism from the Economist, asserting Tesla's profitability in upcoming quarters. Despite past cash flow issues, Musk claims Tesla will be profitable, causing a temporary rise in stock prices. However, skepticism remains high, with Tesla being the most shorted major US corporation. The stock has seen fluctuations, with a recent recovery following a significant drop.

What did Elon Musk announce regarding Tesla's financial plans for the year?

• Tesla will not raise new capital.

• Tesla will raise new capital.

• Tesla will decrease production.

• Tesla will increase its debt.

How did Elon Musk respond to the Economist's article about Tesla?

• He agreed with the article.

• He praised the article for its insights.

• He ignored the article.

• He criticized the article for being boring.

What was the market's initial reaction to Musk's statements about Tesla's future profitability?

• The shares were unaffected.

• The shares initially rose by nearly 3.5%.

• The shares remained stable.

• The shares dropped significantly.

What is the current short interest percentage in Tesla's stock?

• 50%

• 25%

• 10%

• 75%

Despite some recovery, what is the ongoing concern about Tesla's stock?

• The company is debt-free.

• The short interest remains high.

• The stock is overvalued.

• The stock is not traded publicly.