Hyperdrive
Tesla Skeptic Andrew Left Is Now Long on ‘Proven Hit’ Model 3
- Andrew Left of Citron Research changes his mind on carmaker
- Says Musk is stealing customers from Mercedes, BMW and Toyota
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A prominent short seller who’s been betting against Tesla Inc. has changed his tune and sent the shares surging by saying it’s “smoking” the rest of the auto industry.
Citron Research’s Andrew Left, a vocal and long-term Tesla short, said in a report Tuesday that the electric-car maker is snatching customers from BMW, Mercedes, Toyota and Honda. In a Bloomberg Television interview, he said Chief Executive Officer Elon Musk has distracted investors from a company that’s turning a corner.