The high demand in the short shorts that mostly teased Tesla share sellers has coincided with the company’s internal market reorganization.
Five months past Tesla Inc (NASDAQ: TSLA) CEO Elon Musk introduced short shorts at $69.420, some customers have aired their complaints, indicating months of delays, through different outlets.
“Tesla can’t even deliver a pair of shorts in over five months. What did they do with all that money?” one disappointed customer told the Financial Times.
However, some customers have gone to their Twitter page to display their satisfaction in their short shorts package.
https://twitter.com/cheryl_chartier/status/1334967983358304258
Apparently, with the company having introduced the short shorts product as a pun to its share sellers, the delay in some deliveries is an indication of high demand for the products.
Tesla has also introduced its tequila dubbed ‘Teslaquila’. Notably, although the new products are not in line with the electric vehicle industry, Tesla customers are pleased to have them as added accessories. Hereby raising their demand as the company delivers more electric vehicles around the world.
Tesla and Short Shorts Market Perspective
The high demand in the short shorts that mostly teased Tesla share sellers has coincided with the company’s internal market reorganization. Particularly in its share market industry where it recently split its shares in 5 to 1 ratio. In addition, the company previously announced that it will sell shares to the market through banks worth approximately $5 billion to raise extra capital.
Mind you, the shares have managed to continue rising despite the huge market share dumping. Tesla shares closed Friday trading at $599.04, up 0.95%, but were trading approximately 0.06% down during the after-hours trading session. According to data provided by MarketWatch, Tesla shares have rallied approximately 615.99% year-to-date, thus us 782.16% in the past one year. An indication the company has majorly thrived during the pandemic.
Notably, Tesla shares are up approximately 43.20%, 42.20%, and 5.54% in the past three months, one month and five days respectively. The company has a market valuation of approximately $567.83 billion and 947.9 million outstanding shares. Apparently, the giant electric vehicle company has surpassed Berkshire Hathaway Inc (NYSE: BRK) in market capitalization, whereby the latter has a market capitalization of approximately $542.44 billion at the time of reporting.
As the end-of-year holidays approach, the company is anticipating to see an increase in demand for short shorts based on their quality.
“Relax poolside or lounge indoors year-round with our limited edition Tesla Shorts, featuring our signature Tesla logo in front with ‘S3XY’ across the back. Enjoy exceptional comfort from the closing bell,” the company noted.
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