Elon Musk Just Told Tesla Shorts to Do This

Elon Musk had a warning for those who are shorting shares of Tesla.

The CEO of the electric vehicle company took to Twitter and told shorts that they have three weeks to cover before they would lose their money.

Shares of the stock have been on a rampage since the company’s annual shareholder’s meeting on June 5th. The stock has gained roughly 20% since then.

During the meeting Musk had also promised profitability in Tesla’s third quarter. It was just last week that Musk poured more of his money into the company and purchased 72,000 more shares. This cost him about $25 million.

It was on Sunday that Musk tweeted, “They have about three weeks before their short position explodes.”

On Saturday he tweeted, “Amazing work by Tesla team. Built entire new general assembly line in 3 weeks w minimal resources. Love u guys so much! Pic of 1st Model 3 dual motor performance coming off the line …”

Tesla has been gearing up to hit its production target of 5,000 Model 3 cars a week.

Disclaimer: We have no position in Tesla Inc. (NASDAQ: TSLA) and have not been compensated for this article.