Elon Musk: Once fully autonomous driving and robot mass production are achieved, Tesla's short interest will be eliminated, even Gates!

Tesla has risen sharply one after another, with a cumulative increase of 30% in the past month. Musk is still not satisfied and issues a stern warning to the short sellers!

On July 2nd local time, Musk responded to the "shorting Tesla" views on X:

Once Tesla completely solves the autonomous driving problem and mass produces the Optimus robot, anyone still holding a short position will be eliminated, even Bill Gates will not be an exception.

Over the past few years, Tesla has attracted a large number of short sellers. The shorts have always believed that the company is on the brink of financial ruin, that Tesla is a fraudulent company that has been lying financially for years, resulting in total losses of tens of billions of dollars. Musk has always strongly opposed the shorts over the years, even stating that making money by betting on a company's bankruptcy goes against investment principles.

On the news front, Robotaxi Day on August 8th is approaching, and Tesla is taking the final steps towards achieving autonomous driving. At that time, it will showcase Full Self-Driving (FSD) and the future vision of autonomous driving in a special event to the public.

Musk has previously stated that Tesla's long-term value will be driven by artificial intelligence and robots, but this value has not yet been fully realized.

Thanks to the catalyst of Robotaxi Day news and better-than-expected quarterly delivery data, Tesla surged 10% overnight, rising for six consecutive days to achieve the longest streak in about a year, with a cumulative increase of over 26.6% during this period. Tesla's stock price has soared over 1300% in the past five years.

Tesla's "Magic" Returns? Bullish on Reaching $400

In response, Wedbush analyst Dan Ives also expressed optimism, raising Tesla's target price for the next 12 months from $275 to $300, and predicting the stock to reach $400 by 2025, doubling the current price.

Dan Ives said:

Second-quarter deliveries were stronger than expected, marking a "major inflection point" for the company. In short, for Tesla, the worst period is behind us, as we believe that the demand story for electric vehicles will begin to return to the disruptive technology sector before the historic Robotaxi Day on August 8th.

Dan Ives also believes:

Tesla's position as a participant in the artificial intelligence market is underestimated, which is expected to be emphasized at the upcoming Robotaxi Day on August 8th, where Tesla will unveil its vision for Full Self-Driving (FSD) and the future of autonomous driving. This event is seen as a potential catalyst and historic moment for Tesla's growth storyWe believe that autonomous driving and the Full Self-Driving (FSD) vision are key to Tesla's valuation surpassing $1 trillion. The latest rollout of FSD v12.4 and the ongoing FSD testing in China are seen as turning points