Tesla stock is a bubble & it is going down, top fund manager says

Shares of

Shares of the US electric car producer Tesla are going to see a sharp fall as interest rates are rising after the Covid crisis, says Lansdowne Partners fund manager Per Lekander.

He told CNBC that he thinks the company is in a bubble and that he took a short position on Elon Musk’s firm, meaning he will profit if the value of Tesla’s stock drops.

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