Fund manager explains why he’s still short Tesla, Ark ETF and Facebook


The shell of the future battery factory on the Tesla Gigafactory construction site east of Berlin is very busy.

Patrick Pleul | picture alliance | Getty Images

David Neuhauser, chief investment officer at Chicago-based hedge fund Livermore Partners, has defended his short position in Tesla, Facebook and Cathie Wood’s Ark Innovation ETF, arguing that all could be vulnerable in the event of a market downturn.

As of Wednesday’s close, Tesla is up more than 54% in 2021 while Facebook, which recently rebranded as Meta, has climbed almost 25%. The Ark Innovation ETF is down 6.24% year-to-date and famed “The Big Short” investor Michael Burry recently exited short positions on both Tesla and…


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