Hyperdrive
Odey Says Tesla Feels Like It's Entering Final Stage of Life
- Tesla has been a difficult short to hold on to, Odey says
- Fund managed by Odey has rebounded from losses in 2016, 2017
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Crispin Odey said Tesla Inc.’s short sellers may finally start to see their bets against the electric-carmaker pay off.
“Shorts like Tesla have been difficult to hold on to,” the hedge fund manager wrote in a letter to investors. “However, Tesla feels like it is entering the final stage of its life,” he wrote, comparing Chairman Elon Musk’s behavior to that of Donald Crowhurst, the amateur sailor who set off in the 1960s on a solo voyage around the world and never came back.