Fraser Perring, the short seller who accused Wirecard AG of fraud years before the German payment processing company’s collapse, is betting Tesla Inc.’s stratospheric valuation will come back down to earth.
The founder of Viceroy Research tweeted Wednesday that there is “price dislocation” between shares of Tesla and incumbent carmakers Toyota Motor Corp. and Volkswagen AG. The two largest auto manufacturers each sold roughly 10 or 11 vehicles for every one that Tesla delivered last year, yet the company led by Elon Musk has a $1.15 trillion market capitalization, more than double the combined valuations of Toyota and VW.
"Short" - Google News
January 05, 2022 at 05:45PM
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Short Seller Who Bet Against Wirecard Wagers Tesla Is Overpriced - Bloomberg
"Short" - Google News
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