If you remember back in february of january february, early of 2021, basically when the eight nation was born on the back of really keith gill, there um, we had an unlikely supporter. You might have heard of him before his name is elon musk aka, the world's richest man, at one point in all the craziness in late january. He actually, i believe, tweeted out game stonk and that tweet alone caused things to go pretty haywire in a pre-market, post-market type of a session. But i i say unlikely supporter a little bit, tongue-in-cheek, just because this is kind of his mo he's into this narrative of like kind of fighting against the man fighting against some of this corruption.

And for those of you who don't know, elon has kind of had a storied battle against both the sec and his own kind of opinion and poor regulation. But on top of it, he's particularly had a fight against short sellers and with respect, obviously to tessa but nonetheless still vehemently fighting against short sellers. Well, in that whole saga with the world's richest man, mr elon musk, i think he truly is an ape at heart and i'm gon na get into why. But we also have a new development from him coming out today.

So with that, let's hop right over elon musk cheers on justice department, probe of short sellers. So this is the story that i've been covering in detail recently. We know the department of justice looking into two main things, they're kind of looking into these short sellers short seller reports. Is it pay to play what's going on? Are they releasing the information early? Is it all above board and then the other one is more so related to block trade? So right now, we've been covering two independent probes going on by the doj and the sec actually has their own going on and also the fbi is involved.

So, on more of the short seller, one related to muddy waters and sich on research, elon musk had some commentary. Today, tesla ceo elon musk took fresh shots at short sellers and the sec two of the billionaires most frequent targets for insults and criticism. He also lauded the justice department for launching a probe into short sellers. Two one-time tesla shorts are reportedly under federal investigation, and we know i think, they're looking at 60, 60 plus potential people, two of them have had run-ins with elon before this is one of his comments from today.

I am greatly encouraged by the justice department investigating short sellers, musk told cnbc and email. Excuse me tuesday. This is something the sec should have done, but, curiously did not. You know.

What's kind of interesting is when you're the world's richest man, you can kind of get away with saying literally whatever is on your mind at any point in time and right here. Even him he's not afraid of the sec. Many people on this planet. You don't want to hear the sec come knocking, but someone like he's already paid them, fines he fights with them regularly.

It's just something for him to almost do when he's bored and right here, even calling them out, but curiously did not definitely raising some eyebrows and let's go a little bit further right here, uh. This is from him too often sophisticated hedge funds have used short selling and complex derivatives to take advantage of small investors. Stop me if you've heard that, before they will short a company conduct a negative publicity campaign to drive the stock price down temporarily and cash out, then do it all over again many times the term for this, as you may be aware, is short and distort seriously. It's that's what we're living through, and this is just proof that it happens in so many equities to some.

Some of these negative bearish campaigns are more successful, others not as successful, but overall. This is something that we're seeing like many times throughout the market, especially given the like historied the story. Nature of the market is, if you're looking at it, there's all these crazy stories. And yes, maybe some of you are watching this right now, particular to amc and jamie but understand this is something that happens time and time again, wash rinse repeat um.

Actually this this is actually one of the craziest things you might remember, those like red, satin, short shorts, uh musk. That was actually one like. He was kind of messing with the short sellers back in 2020 uh pretty funny. The doj probe according to the wall street journal, is focusing on alleged instances of so called spoofing and scalping spoofing involves illegally using fake orders to pump or crash a stock market, while scalping refers to when activists and shorters close out their positions without disclosing that move.

Surprise, surprise, not disclosing, and that's like we've heard this. This is exactly what we're talking about. This isn't some little niche of the market, we're like. Oh, it's just amc and jimmy.

They don't know what they're talking about like tin, foil stuff. This is happening in some of the world's biggest companies, the world's biggest equities. Folks, if you are questioning, if you're on the right side of history or not, you are, we have the proof we have the evidence. Doj is looking into it.

The sec is looking into it. I strongly strongly believe we are on the right side here that something malicious something insidious is going on and at the bottom line it needs to be looked into at the most minimal minuscule amount of effort. This at least needs to be examined now, if you want a couple more details about what spoofing and scalping are and aren't, i actually have other videos on it, i'll make sure they're in the description of the video we recently went over those musk's war with short Sellers goes beyond advocating for his company. He spoke out against shorts during the gamestop frenzy last year, when large groups of retail investors on reddit help pump the stock up.

One thousand five hundred percent in two weeks, like i said i think in his heart of hearts, he's actually an ape he's been he. When this was going down, he was actively paying attention to it. Uh you can't sell houses, you don't own, you can't sell cars. You don't own, but you can sell stocks, you don't own.

This is bs. Shorting is a scam uh legal only for vestigial reasons must send in a tweet in january 2021.. Now recently, his twitter has been also pretty interesting here. There's a couple other things i want to bring up.

I am greatly encouraged by the justice department investigating short sellers. Obviously this is what we just read but check this follow up out. The sec is more likely colluding with wall street hedge funds, just a matter of whether it can be proven, and then he responded exactly. This came out two hours ago, kind of calling really calling the sec out and one more what if elon musk tesla has been baiting the sec for years building their case on the level of corruption, and now they have enough evidence to go public with all uh Grab your popcorn folks right here, building a case is exactly what we've been doing.

Starting with a fight with scc is not a great look, i didn't start the fight, but i will finish it. Those are absurdly absurdly strong words from the world's most rich person, and obviously he is wildly powerful. Wildly influential i'm beyond excited to see how this plays out um before when i first saw this story, i did throw up on twitter, but i think it just deserves a second look. A third look.

I'm gon na get this out. Um. If you haven't already, it would be awesome if you could drop a like hit whatever share this. This is big news.

This isn't beyond just like. This is far far beyond that. Just okay, like maybe this person bought this person, didn't buy some positive comments. Some negative comments: we're in alignment with the guy who has a lot of power, a lot of money and he's actively fighting both the sec and short sellers, calling them out very recently and lauding the justice department for the current probe, involving people from citron from muddy Waters um: you can check it out more in this article and make sure you get that posted below.

Personally, hey i like to see this, and i don't think this is going to be the thing that, like automatically tomorrow, things are great. It's not like this. It's just another step in the right direction, but with all that being said, i would love to get your thoughts on this particular story and musk, maybe being an ape in his heart, um. I'd love to get your thoughts in a comment below you.