SA investors have learnt recently — rather painfully — the joys of shorting stocks, or betting the price will go down over a certain period. So, apart from Steinhoff and Resilient, what else is out there that could be a profitable negative investment? What about a company run by a former South African, in the middle of terrible production problems, with a shocking balance sheet, that is vastly overvalued and also currently the most shorted major stock in the world? The company is, of course, Tesla, and the short sellers have exploded recently following a testy conference call with investors in which company founder and CEO Elon Musk refused to answer some analysts’ queries on the basis they were "bonehead" questions. It turns out that tactically that was a bit of a bonehead move itself. Ever since Musk made his "boring, bonehead questions are not cool" comment on May 2, the number of short sellers of Tesla stock has jumped. According to data provided by S&P’s Capital IQ, short selle...

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