A Tesla Short Seller Bares His Soul

In a letter to investors, Stanphyl Capital’s Mark Spiegel explained why he has stopped out some of his puts.

Elon Musk (Qilai Shen/Bloomberg)

Elon Musk

(Qilai Shen/Bloomberg)

Stanphyl Capital founder Mark Spiegel made a name for himself shorting Tesla, starting with a scathing presentation at the Robin Hood Investors Conference in November of 2016 at the behest of another Tesla bear: David Einhorn.

Now that Tesla has skyrocketed, Spiegel is wondering aloud what went wrong.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.

Related