Tesla Inc. CEO Elon Musk has hit back after fund manager Michael Burry of “The Big Short” fame alleged that Musk—the world’s richest person—does not need cash and just wanted to sell Tesla stock.
What Happened
Musk took to Twitter to respond to the allegations, saying that Burry is a “broken clock.”Burry noted in a tweet earlier on Monday that Musk borrowed against 88.3 million shares, moved to Texas after selling all his mansions in California, and was asking Senator Bernie Sanders whether he should sell more stock, according to a report by Bloomberg.
