No, as an alternative, Tesla (TSLA) is offering on its web page a branded pair of purple, satin brief shorts — a jab at traders who “shorted” the enterprise, primarily betting on its stock falling.
Regrettably for any readers who would have been eager to shell out $69.420 (yes, actually) for a pair of very small Tesla gym shorts, they are already sold out. Evidently they went fast: Before long immediately after announcing the shorts had been on sale, Musk tweeted, “Dang, we broke the web-site.”
“Tesla will make wonderful small shorts in radiant purple satin with gold trim,” Musk tweeted final week, hinting at the new merch. “Will mail some to the Shortseller Enrichment Fee to convenience them by these tricky occasions.”
In standard Musk trend, that tweet arrived soon before yet another off-coloration quip seemingly also aimed at his doubters and the Securities and Exchange Fee: “SEC, three letter acronym, center phrase is Elon’s.”
Just last year, Tesla was strapped for hard cash. In May possibly 2019, the electric powered carmaker was offering credit card debt and additional shares of inventory to raise $2.7 billion to replenish its coffers. A depressed share price pressured the enterprise to shell out off a $920 million bond in income rather than inventory. In its ten-12 months historical past, the organization experienced only posted a handful of quarterly profits.
But in January, the business posted its very first-at any time annual financial gain — and the company’s beneficial momentum has continued from there.
Inspite of interruptions from the coronavirus pandemic — together with remain-at-home orders which Musk referred to as “fascist” — Tesla last week posted reasonably sturdy auto shipping and delivery quantities for the 2nd quarter of the yr.
The firm shipped 90,650 autos to buyers all through the quarter, down 5% from a year back, but considerably significantly less than the drops of 30% or a lot more claimed by other automakers. Tesla’s next-quarter gross sales were also up a little bit from the 88,400 cars it shipped in the to start with quarter.
The cars are celebrated on the new Tesla shorts. The rear of the shorts options every single of the Tesla design quantities, “S3XY,” emblazoned in gold lettering.
In accordance to Tesla, the shorts will give “outstanding comfort and ease from the closing bell.”