Hyperdrive
Big Short’s Eisman Is Shorting Tesla for ‘Execution Problems’
- Fund manager says Musk’s carmaker will face more competition
- Eisman says he’s also shorting Zillow, BBVA and UniCredit
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Steve Eisman, the Neuberger Berman Group money manager who famously predicted the collapse of subprime mortgages before the 2008 financial crisis, is shorting Tesla Inc. over a series of doubts about the electric-car maker.
“Elon Musk is a very, very smart man, but there are a lot of smart people in this world and you’ve got to execute. He’s got execution problems,” Eisman said in an interview with Bloomberg Television. “He’s nowhere in autonomous driving, as far as I can tell, and big competition is coming in his space next year.” Representatives for Tesla didn’t immediately return a call for comment.