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‘It is one thing to bet on Elon Musk, but another to bet against him. The guy specializes in pulling rabbits out of his hat.
“
That’s Carson Block, the short seller behind Muddy Waters Capital, speaking to Bloomberg’s Tracy Alloway and Joe Weisenthal in a podcast this week about the dubious prospects of taking a short position on the Tesla TSLA,
before the torrid rally of the action.
“I am not lacking in actions, thank God,” he said. “We used to joke that Tesla, when he files for bankruptcy, will likely have a market capitalization of $ 30 billion. Cut at your own risk. I would not do that “.
Yes, that’s good, considering how Tesla has performed lately.
But that hasn’t stopped other investors from piling up their short bets, with the value of those bets increasing to $ 20 billion at the last check, according to data from Bloomberg News.
Block, who called Musk a “fundamentally dishonest person … who has done amazing things,” has dabbled in Tesla before, having bought the company’s convertible bonds, and then used coupon payments to fund options. long-term sale in shares. However, it is now completely out.
Here is a snippet from the recent interview:
Click here for the full one-hour interview.
Tesla shares were dragged down with the rest of the market on Thursday as the Dow DJIA,
, S&P SPX,
and Nasdaq COMP,
they were all caught in the red.
.
