Retail investors are taking short sellers to the cleaners at least for now, andย Elon Muskย is enjoying it all. As he’s enjoying it, suddenly, we find out the DoJ is probing SpaceX.
The Tesla CEO has been sparring with Wall Street bears for years. This week, he has leveragedย Twitterย TWTRย -2.02%ย to help fuel the populist frenzy overย GameStopย Corp.ย GMEย 67.87%ย and other companies to stick it to the short sellers once more, the Wall Street Journal reported.
โHere come the shorty apologists. Give them no respect. Get Shorty,โ Mr. Musk tweeted Thursday to his more than 40 million followers.
On Wednesday, GameStop shares more than doubled after Mr. Musk tweeted โGamestonk!!โ the previous afternoon, linking to the popular Reddit forum WallStreetBets. Stonk is a play on the word โstock.โ
THEN CAME THE FEDS
Coincidentally, today, we learn that the Department of Justice is investigatingย Elon Muskโs SpaceX after it was accused of discriminating against non-U.S. citizens in its hiring process.
Court documents reveal that a non-U.S. citizen filed a complaint at the DOJ’s Immigrant and Employee Rights (IER) division alleging that Muskโs aerospace company discriminated against him based on his citizenship status,ย CNBCย reported.
One non-US citizen? ย And that brings in the Feds who can’t find a coup whipping around them?
Is he illegal?
โThe charge alleges that on or about March 10, 2020, during the Charging Partyโs interview for the position of Technology Strategy Associate, SpaceX made inquiries about his citizenship status and ultimately failed to hire him for the position because he is not a U.S. citizen or lawful permanent resident,โ DOJ attorney Lisa Sandoval wrote in a complaintย filed Thursday.
This DoJ is corrupt and what’s worse is they don’t care what we think.
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