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Elon Musk mocks short sellers as Tesla's value hits record and passes Ford

David Welch and Dana Hull
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Tesla's Elon Musk has poked fun at short sellers as his electric-car maker's stock surged to a record, vaulting its market value past century-old rival Ford.

"Stormy weather in Shortville..." the chief executive officer tweeted on Monday US time, as Tesla shares climbed as much as 5.8 per cent. The maker of Model S sedans and Model X crossovers saw its capitalisation surge to about $US48.2 billion ($63.4 billion), $US3.1 billion more than Ford, the No. 2 car maker in the US after General Motors.

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    Original URL: https://www.afr.com/markets/equity-markets/elon-musk-mocks-short-sellers-as-teslas-value-hits-record-and-passes-ford-20170403-gvcxfu