TSLA Jun 2024 1250.000 put

Tesla stock: Why one investor is still shorting the EV maker

Tesla (TSLA) stock soared last week, seeing its biggest one-day gain of 2024 after the company announced it would accelerate the launch of a more affordable vehicle. But not everyone is bullish on Tesla. Bireme Capital Co-founder and Chief Investment Officer Evan Tindell joins Catalysts to talk about why he has taken a short position on the electric vehicle pioneer. "We could easily see Tesla dropping 50%," he explains, citing the loss of market share as electric vehicle competition heats up among auto manufacturers. He also points to self-driving capabilities and robotaxi promises that continue to be pushed off by CEO Elon Musk have soured his outlook on Tesla stock. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl