Tesla Senior VP sells 82% shares, CEO Elon Musk says ‘If they don't….they will be…'
The Tesla CEO wrote: 'If they don't exit their short position before Tesla reaches autonomy at scale, they will be obliterated'.
What is short selling
Short selling is a trading practice used when investors believe a stock price will fall. An investor borrows shares of a company from a broker and sells them immediately at the current market price. Later, if the stock price drops, the investor buys back the same number of shares at the lower price, returns them to the broker, and keeps the difference as profit.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
This Could Be the Best Time to Trade Gold in 5 Years
IC Markets
Learn More
Undo
For example, if someone borrows 10 Tesla shares at $300 each and sells them for $3,000, and the price later falls to $250, the investor can buy them back for $2,500, return the shares, and keep $500 as profit.
The risk is that if the stock price rises instead of falling, the investor still has to buy back the shares at the higher price, which can lead to unlimited losses. This is why short selling is considered one of the riskiest trading strategies.
When Elon Musk warned Bill Gates will go bankrupt
Elon Musk's latest remarks add to his past clashes with short sellers, including Microsoft co-founder Bill Gates. The feud between the two originates from Gates' reportedly short position against Tesla stock. According to Walter Isaacson's 2023 biography of Musk, this position has allegedly cost Bill Gates a $1.5 billion loss.
In the post on X last year, Musk said that 'If Tesla does become the world's most valuable company by far, that short position will bankrupt even Bill Gates'.
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
Indian auto shares at 10-month high after media report on small car tax cut proposal
Indian auto stocks jumped 4% to their highest level in 10 months on Monday, after Reuters reported that the government has proposed lowering the goods and services tax on small cars as part of sweeping consumption tax cuts . Auto shares were the top sectoral gainers on the benchmark Nifty 50 , which rose 1.3%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo The government has proposed lowering the goods and services tax on small petrol and diesel cars to 18% from 28%, Reuters reported citing a government source. India's finance ministry did not reply to an e-mail seeking comment. All 15 stocks on the auto index rose. Motorcycle maker Hero MotoCorp jumped 7%, followed by top carmaker Maruti Suzuki 's 6.6% rise. Live Events
Time of India
an hour ago
- Time of India
'Science of matchmaking is a mix of algorithms and psychology'
Many people are tired of endless swiping and shallow interactions: Poshak Agarwal In today's algorithm-driven world, it's only natural that matchmaking too is getting a technological facelift. Whether through swipe-based apps or advanced compatibility scoring, data science is increasingly shaping how people approach love. But the question remains: is this just another passing digital fad, or could it redefine how we build lasting relationships? We spoke with Poshak Agarwal , founder of Verona , a next-generation matchmaking platform that blends psychology, relationship research, and behavioral data. Our conversation explored whether scientifically backed matchmaking is emerging as a genuine necessity—or simply the latest tech experiment. For many, the idea of science playing a role in matchmaking sounds unusual. Why did you think this was the right direction? Poshak Agarwal: I noticed a recurring theme in conversations with hundreds of people. Dating apps provided endless choice but little clarity, while traditional matrimonial sites felt outdated and ineffective, often relying on superficial filters and vulnerable to fake profiles. Many still emphasize outdated measures like caste, horoscopes, or vague ideas of a 'good family.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo Neither approach really centers the individual. That's when it struck me: we need something smarter—structured, research-driven, and rooted in psychology—to reflect who people truly are and what they need in a partnership. When you talk about the 'science' of matchmaking, what exactly do you mean? Is it all about algorithms? Poshak Agarwal: It's a mix of algorithms and psychology. At Verona, we use psychometric assessments, behavioral data, and principles from relationship psychology to match people beyond surface-level traits. We look at factors like communication styles, emotional intelligence, conflict resolution, and attachment patterns—dimensions of compatibility that have long been ignored. I'm not claiming science creates the perfect match, but it certainly improves the quality of potential partners. Are traditional matchmaking systems becoming obsolete? Poshak Agarwal: Not obsolete, but they need to evolve. Traditional matchmakers often depend on intuition, networks, or family ties—sometimes even caste or horoscopes—which can be restrictive. Science adds an objective layer that enhances, rather than replaces, human judgment. Think of it as a compass: it won't walk the path for you, but it can help you head in the right direction. You've highlighted autonomy in matchmaking, especially in the South Asian context. Can you elaborate? Poshak Agarwal: In many South Asian traditions, the individual getting married is often the least consulted. Families, optics, and outdated checklists dominate the process. True compatibility, however, starts with self-awareness. People need to recognize their own needs and take ownership of their journey. At Verona, we don't prioritize caste or family background—we focus on the individual, while still allowing families to play a supportive, healthy role. Critics say chemistry can't be measured. How do you address that? Agarwal: They're absolutely right—chemistry is unpredictable, and no algorithm can manufacture that spark. But we can create conditions for it to emerge. When two people are aligned on values, emotional needs, and communication, the chances of chemistry flourishing are much higher. Science reduces the trial-and-error process. How are users reacting to this structured, science-based approach? Poshak Agarwal: Very positively. Many people are tired of endless swiping and shallow interactions. They're looking for something deeper and more intentional. Our users value that we take time to understand them and even involve trained psychologists and relationship experts in the process. Verona feels less like casual dating and more like mindful matchmaking—with therapy-like support built in. Do you think science-led matchmaking will last, or is it just a trend? Poshak Agarwal: I'm convinced it's here to stay. As technology permeates our lives, people crave authenticity in relationships. Combining psychology with data is the only way forward. Matchmaking has always existed; science simply modernizes it for today's world. It's not a fad—it's becoming a necessity. Finally, what's next for Verona? Poshak Agarwal: We're continuously refining our models and integrating new behavioral research. Our goal goes beyond just making matches—we want to help couples nurture their relationships. Upcoming features will include coaching, conflict-resolution support, and relationship health check-ins. Because love doesn't end at finding a match—and neither does our role.
Time of India
an hour ago
- Time of India
Stocks to buy this week: What's the outlook for Nifty? Check list of top stock recommendations
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities, Uno Minda Ltd, and HDFC Life are the top stock picks for this week. Here's his view on Nifty, Bank Nifty for the week starting August 18, 2025: Nifty View The benchmark index Nifty finally snapped its six-week losing streak, closing the week with a healthy gain of 1.10% and reclaiming the 24600 mark. This rebound has brought some relief to market participants after a prolonged phase of weakness. However, the momentum appears to have tapered off in the last two trading sessions, with the index confined to a tight range and forming small-bodied candles — a sign of consolidation after the recent minor pullback. Currently, the Nifty continues to trade below its 20-day and 50-day EMA, with both moving averages trending downward — reflecting the underlying weakness in the medium-term structure. On the momentum front, the daily RSI remains in a sideways zone as per the RSI range shift framework, indicating a lack of clear directional bias. Meanwhile, the MACD histogram continues to hover below both its zero line and signal line, keeping the overall sentiment cautious. In terms of internal strength, as many as 28 out of the 50 Nifty constituents are still trading below their respective 50-day EMA levels, suggesting that the recent recovery has yet to gain strong participation across the index. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Could This NEW Collagen Blend Finally Reduce Your Cellulite? Vitauthority Learn More Undo Overall, while the Nifty has managed to break its losing streak, the technical setup still points to caution until broader participation and a move above key averages confirm strength. Talking about crucial levels, the zone of 24750-24800 will be the crucial hurdle for the index. If the index sustains above the 24800 level, then it is likely to extend its pullback rally upto the 25100 level. While on the downside, the zone of 24470-24450 will act as important support for the index. Any sustainable move below the level of 24450 will lead to resume its southward journey. In that case, the index is likely to test the level of 24250, followed by the 24100 level. Bank Nifty View Over the past week, the banking benchmark index Bank Nifty traded in a narrow 654-point range — its tightest weekly band since late August 2024. The index underperformed the frontline peers, posting a modest 0.61% gain. On the weekly chart, it formed a small-bodied bullish candle with a slight upper shadow, signalling muted directional momentum. For the past six sessions, Bank Nifty has been hovering around its 100-day EMA, reflecting an indecisive phase. It remains below the 20-day and 50-day EMAs, keeping the overall trend structure weak. The daily RSI also continues to move sideways, indicating the absence of a strong breakout setup. Looking ahead, the 55700–55800 zone will be a key resistance, while 54900–54800 will act as crucial support. A sustained move beyond either of these levels is likely to pave the way for a directional move. Stock recommendations: Uno Minda Ltd The stock has witnessed a breakout above a downward-sloping trendline on the daily chart, accompanied by strong volume exceeding the 50-day average, confirming the validity of the breakout. The formation of a sizable bullish candle on the breakout day adds further strength to the move. The stock is currently trading above its short and long-term moving averages, which are trending higher and aligned in the desired sequence—indicating a strong underlying trend. Momentum indicators are also supportive, with the daily RSI surging past the 60 mark and remaining in an upward trajectory. Although the ADX is currently at 15, suggesting that trend strength is still developing, the directional indicators are already in buy mode, reinforcing the bullish setup. Hence, we recommend to accumulate the stock in the zone of 1155-1145 with a stoploss of 1100 on the upside, it is likely to test the level of 1270 in the short term. HDFC Life The stock has recently broken out above the neckline of an Adam and Adam Double Bottom pattern on the daily chart, signalling a bullish reversal. This breakout is supported by a rising ADX, which has crossed above the -DI line, confirming directional strength. The stock is trading approximately 6% above its 100-day EMA and nearly 11% above its 200-day EMA, reflecting strong momentum. Additionally, the daily RSI is in bullish territory and continues to rise, further validating the positive price action. Hence, we recommend to accumulate the stock in the zone of 790-780 with a stoploss of 750 on the upside, it is likely to test the level of 860 in the short term. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
