Why Worm Capital Believes Tesla Will Continue to Outdo Rivals

The hedge fund is still deep in the red this year after its spectacular 2020.

Krisztian Bocsi/Bloomberg

Krisztian Bocsi/Bloomberg

The bad year for Arne Alsin’s Worm Capital isn’t getting any better.

Its long/short equity strategy fell 0.41 percent in September, leaving it down 19.15 percent for the year. The drubbing follows a spectacular 2020, when it gained 274 percent, largely because of its huge Tesla bet.


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