"Long buyers, who have an incentive to push positive propaganda about a company they are invested in (regardless of whether or not it is true), are good."
"Short sellers, who have an incentive to push negative propaganda about a company they are invested in (regardless of whether or not it is true), are bad."
This is self-evidently incoherent and is actually being too generous to Musk, who in real life is even stupider than my strawman[1]. And Elon Musk obviously has a creepy grudge against short sellers, as evidenced by his disgraceful comments in a 2018 analyst call[2]. The only thing approaching a principle that Musk has bothered to offer is that short sellers can hurt companies by artificially pushing the stock price down. But long buyers can hurt competitors by artificially pushing a stock price up! There's no "moral" difference. Musk just has absolutely no leg to stand on here - which is why he's myopically focused on Reddit and Twitter instead of people who are actually competent about finance.
The only reason Elon Musk is "morally" opposed to short sellers is that they are hurting his personal bank account, and he's not satisfied with being merely the richest person in the world. And the only reason you share his opinion is that you are caught up in his cult of personality. Looking at your comment history: read more news and less Reddit.
"Short sellers, who have an incentive to push negative propaganda about a company they are invested in (regardless of whether or not it is true), are bad."
This is self-evidently incoherent and is actually being too generous to Musk, who in real life is even stupider than my strawman[1]. And Elon Musk obviously has a creepy grudge against short sellers, as evidenced by his disgraceful comments in a 2018 analyst call[2]. The only thing approaching a principle that Musk has bothered to offer is that short sellers can hurt companies by artificially pushing the stock price down. But long buyers can hurt competitors by artificially pushing a stock price up! There's no "moral" difference. Musk just has absolutely no leg to stand on here - which is why he's myopically focused on Reddit and Twitter instead of people who are actually competent about finance.
The only reason Elon Musk is "morally" opposed to short sellers is that they are hurting his personal bank account, and he's not satisfied with being merely the richest person in the world. And the only reason you share his opinion is that you are caught up in his cult of personality. Looking at your comment history: read more news and less Reddit.
[1] https://twitter.com/elonmusk/status/1354890601649610753
[2] https://financialpost.com/investing/musk-takes-aim-at-analys...