People say Tesla is going bankrupt. That’s fake news—and I’ll explain why

We all know TSLA is the most shorted stock—that is just business. But what I don’t understand is why so many people like to “hate” the company; or spread “fake news” that Tesla is going bankrupt.


Tesla, Inc., formerly called Tesla Motors, is a U.S. based automotive and energy company in Palo Alto, California. Tesla was co-founded by engineers Martin Eberhard and Marc Tarpenning, under the name Tesla Motors. The company's name is a tribute to engineer Nikola Tesla.

Tesla Motors was joined by Elon Musk, J.B. Straubel, and Ian Wright, all of whom are retroactively allowed to call themselves co-founders of the company.

Elon Musk is a South African-born American entrepreneur and businessman who previously founded X.com in 1999 (which later became PayPal), he also founded SpaceX in 2002. Musk is the current chief executive officer of Tesla.

Today, Tesla specializes in electric car manufacturing and, solar panel manufacturing through its SolarCity subsidiary. The automaker says it is accelerating the world's transition to sustainable energy with electric cars, solar panels and integrated renewable energy solutions for homes and businesses.

Tesla is a publicly-traded company under the symbol TSLA with the Nasdaq Stock Market.

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