These Tesla Short Shorts From Elon Musk Reportedly Cost $70

Elon Musk seems to be a man who keeps his promise as he just released a pair of short shorts to mark his recent success and to warn investors who didn’t invest in Tesla.

A pair of limited edition short shorts from Tesla “only costs 69,420,” according to Elon Musk. This number is a reference to the price of $420 per share that Musk used to consider to make the company private back in 2018. The U.S Stock exchange later sued Musk, causing Tesla serious damage.

The shorts are made of red satin with a gold trim design. On the back is the word “S3XY.”

Right after Musk’s tweet to introduce the new pair of shorts, Tesla’s online website was flooded with orders.

With the name “short shorts,” it seems like Musk is warning Tesla’s short sellers.

This year along, Tesla’s stock has risen by 189%, making it the largest car manufacturers in the world, surpassing Toyota. Tesla is also ahead of Coca Cola, Disney, Cosco, and Exxon Mobile, in terms of capitalization.

The company’s achievement to become the most valuable carmaker on the planet comes in time for the 10th IPO anniversary of Tesla. 10 years ago, the company’s share price was $17 per share, higher than the pre-IPO expectation which was around $14 to $16 per share.

Since the IPO, Tesla has never had a fully profitable year. So far, the company has only reported 7 profitable quarters with the first quarter of 2013 being the first one. Currently, they have had 3 consecutive quarters of profit.

A significant increase in Tesla’s shares has helped Elon Musk reach the KPI previously set and receive a huge bonus of up to $750 million.

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