Crispin Odey hit as bet against Tesla backfires

Discussion in 'Wall St. News' started by helpme_please, Feb 5, 2020.

  1. Another victim of Tesla like David Einhorn.

    https://www.ft.com/content/9d5663ca-482c-11ea-aeb3-955839e06441

    His Odey European fund, which holds the bet against Tesla, was down 11.2 per cent to the end of January, the update said. The advance in Tesla shares gained even more momentum after the carmaker reported a fourth-quarter profit last week. Analysts have also pointed to rising demand for the Model 3, the company’s first mass-market car. In recent weeks Tesla has surpassed the combined market capitalisation of General Motors, Ford and Fiat Chrysler.