The crowd-sourced, social media swarm that is betting Tesla will crash and burn

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The crowd-sourced, social media swarm that is betting Tesla will crash and burn
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Musk has used Twitter to cultivate a cult-like following as a tech revolutionary. Fittingly, his nemesis is a social media swarm, made up largely of anonymous contributors with made-up names and colorful avatars.

It’s a sunny day in March and “Machine Planet” is flying a single-engine Cessna over Northern California. He’s cruising at 1,500 feet toward a massive lot leased by electric-car maker Tesla. His mission: to burst the Tesla bubble. And make some money doing it.

But the war on Tesla is unique. And some do reconnaissance, posting photos and videos of Tesla storage lots, distribution centers, even the company’s Fremont assembly plant as seen from above. Although activist investors have been around for years, the networked nature of this research and publicity campaign is new, said Byoung-Hyoun Hwang, a Cornell University finance professor who’s studied social media’s effect on financial markets. “The diversity of perspectives, not just a diversity of opinions, could be very valuable,” he said.

“I wanted Tesla to make it,” he says as he taps the big red button. “I’m a car guy, man. The Model S was a great car, especially when they came out with the dual motor.” “But cars shouldn’t be sitting in staging lots for that long under any circumstances,” he said, “unless you have too many cars.”$TslaQ has no leader, but it does have a hero. His name is Lawrence Fossi, a lawyer and New York money manager who contributed to the Twitter hashtag as well as investor site Seeking Alpha under the moniker Montana Skeptic — until he was exposed by Musk.

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