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Elon Musk on the Historical Precedent Influencing Tesla's Skeptics

By Motley Fool Staff – Updated Apr 6, 2017 at 4:53PM

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Tesla (Nadaq: TSLA) reported upbeat earnings Wednesday, and the stock responded by finishing up 8% on the week. That undoubtedly hurt the stock's many short sellers -- according to S&P Capital IQ, there are 23.59 million shares sold short, for a short interest of nearly 23%.

On a recent visit to Fool HQ in Alexandria, Va., Tesla co-founder and CEO Elon Musk explained why he thought so many people may be skeptical of his "hard-core technology and design company" -- and why recent actions from Toyota (NYSE: TM) and Daimler may sway the skeptics.

Here's an excerpt from Musk's chat at the Fool (running time is approximately 3 minutes).

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Toyota Motor Corporation Stock Quote
Toyota Motor Corporation
TM
$137.28 (-1.27%) $-1.77
Tesla, Inc. Stock Quote
Tesla, Inc.
TSLA
$275.33 (-4.59%) $-13.26

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