Right or Wrong, Stanphyl Capital’s Losses Are Piling Up

Longtime Tesla bear Mark Spiegel is facing his fourth down year.

David Paul Morris/Bloomberg

David Paul Morris/Bloomberg

The many years it took for German fintech giant Wirecard’s massive fraud to finally come unraveled may have given some hope to long-suffering Tesla short sellers like Mark Spiegel, who for years has been telling his hedge fund’s investors, as he did in his September letter, that “Elon Musk is a securities fraud-committing pathological liar.”


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