FIRST AIRED: August 30, 2018

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Transcript

00:00:00
>> Tesla founder Elon Musk's problems aren't just on the model three production line. They're all over the internet. A virtual army of amateur sleuths are crawling all over his company looking for weak spots and swapping information on social media, and their fueling a record number of bets against the firm's shares.
00:00:20
Tesla is the most shorted stock traded in the United States with investors betting more than $10 billion that Tesla will tank. Reuter's Correspondent, Sarah Lynch.>> Two of the biggest well-known short sellers that people follow closely are David Einhorn and Jim Chanos who are frequently talking about Tesla, but what a lot of people may not know are there are tons and tons of small investors.
00:00:44
People who are not professional investors necessarily. They're retail investors who have made this a hobby. A regular hobby to go out and actually do their own research on Tesla. I've interviewed quite a number of these people and they believe that Elon Musk is not being honest with the investing public about all kinds of things whether it be the production on model three, the quality control issues and they have basically an entire community on Twitter that is sharing information.
00:01:12
>> One such skeptic, Twitter user Latrilife who's been monitoring a Tesla lot in Burbank, California where many of the new cars are parked. He and his team have been keeping track of the number of cars shipped in and out of the lot, the number of staff manning it.
00:01:27
Even the time it took, Tesla to finalize the paperwork and he's posted several videos about it.>> These are those eight rows of about 90 cars.>> Tesla has said in the past that the various lots around California are staging areas for those cars awaiting delivery. Musk has been vocal about his disdain for short sellers, investors who profit when a stock's price falls calling them out on Twitter.
00:01:56
And they would have been hit big, if Musk managed to take the company private. But now that those plans are off the table and they are reports of a Securities and Exchange Commission investigation into Tesla, short sellers will be watching even closer.