There are many investors who would like to repeat the success of the greatest investors – Warren Buffet, Peter Lynch, and many others.
One of the smartest investors on the street, Steve Eisman, disclosed some of his trading bets. He became famous predicting financial crisis of 2008 and was prominently featured in “The Big Short” movie.
Now, he is shorting automaker Tesla as he admitted during his recent interview on CNBC. His reasoning is rather simple – he does think that Elon Musk is very smart but fears that the execution by the company is just not there. Moreover, a strong competition from other automakers is coming soon. Here what he said about Elon Musk and his company: “He’s nowhere in autonomous driving, as far as I can tell, and big competition is coming in his space next year.”
In addition, he also admitted that he is shorting an internet real estate platform, Zillow.