Elon Musk: Probably Unwise To Short Tesla

Ever consider shorting Tesla Motors Inc TSLA's stock? Elon Musk has some advice.

The Tesla CEO on Tuesday afternoon answered a Tweet that asked, "what would you say to someone who is shorting your stock?"

"[P]robably unwise," Musk responded.

Shares of Tesla sold off about 3 percent in Monday's after-hours session, following a release that announced lower-than-anticipated deliveries of its Model X and Model S sedans. After being under pressure Tuesday morning, the stock was up more than 3.5 percent heading into the final hour of trading.

@Brianmrtz probably unwise

— Elon Musk (@elonmusk) April 5, 2016

Wall Street analysts weren't bothered too much by the news.

Related Link: Tesla Predicted To Hit 350K-400K Model 3 Reservations By Wednesday

Tesla is hoping its Model 3's $35,000 starting price will make it the first electric vehicle in the market with mass appeal. Within the first 24 hours of its unveiling last Thursday, Tesla received 198,000 Model 3 reservations.

Tesla shares traded just above the $256 level late Tuesday, the first time above that mark in six months. Prior to Monday, the last time Tesla's stock traded above $250 was in September. Shares of Tesla traded as low as $141.05 just two months ago.