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Elon Musk Mocks Short Sellers after Tesla Stock Surge

As Tesla Inc's strong quarterly vehicle deliveries sent its stock to a record high on Monday, Chief Executive Elon Musk jabbed at traders whose thoughts were of the luxury electric car company going south. Musk joked on Twitter, "Stormy weather in Shortville ...", after Tesla's better-than-expected quarterly vehicle deliveries announced on Sunday had the stock surge 5.8 percent. Tesla said it delivered a record 25,418 vehicles in the quarter ended March, a 69-percent increase from last year and edging past Goldman Sachs' forecast of 23,500 vehicles

Monday's surge in Tesla's stock gave it a market capitalization of $48 billion - surpassing Ford Motor's $45 billion value and just below General Motor's  value of $51 billion.

Source: LA Times, Reuters

Elon Musk 2015
Musk at the 2015 Tesla Motors Annual Meeting
By: Steve Jurvetson, CC BY 2.0

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