Elon Musk’s mom, Maye Musk, blamed the media and short sellers on Thursday for manipulating Tesla stock, which fell nearly 4 percent during trading on Wednesday.
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“Short sellers and the media are manipulating Tesla stock,” she wrote in a tweet. “[The Securities and Exchange Commission] must be very busy issuing fines.”
Maye Musk, who at age 69 became the new face and ambassador of cosmetics giant CoverGirl, added in a subsequent tweet that the media does not want to share positive news that promotes the “clean energy” used by the electric cars.
The Tesla chief executive also has a history of calling out Wall Street short sellers. During a New York Times interview in August, when he was publicly mulling on Twitter taking the company private at $420 per share (for which the SEC eventually fined him $20 million), Musk said he blamed short sellers for much of his stress.
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Short sellers are investors who bet that Tesla will lose value.
The billionaire investor said he was preparing for “at least a few months of extreme torture from the short-sellers, who are desperately pushing a narrative that will possibly result in Tesla’s destruction.”
CLICK HERE TO GET THE FOX BUSINESS APP“They’re not dumb guys, but they’re not supersmart. They’re O.K. They’re smartish,” he added.
