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Tesla is in a bubble and it’s ‘going down,’ top fund manager says

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Tesla CEO Elon Musk speaks at a delivery ceremony for Tesla China-made Model 3 in Shanghai, east China, Jan. 7, 2020.

Ding Ting | Xinhua News Agency | Getty Images

Shares of the electric car maker Tesla are going to see sharp falls as interest rates increase after the coronavirus crisis, Lansdowne Partners fund manager Per Lekander told CNBC.

Lekander told CNBC’s “Squawk Box Europe” Tuesday that he thinks Tesla is in a bubble and that he’s short on Elon Musk’s firm, meaning he will profit if the value of Tesla’s stock falls.

Tesla’s market value soared to over $800 billion in the 12 months leading up to January, before dropping to less than $600 billion in February. It now stands at around…



Source cnbc.com

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