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Stanphyl Capital’s April Gains Help Offset Earlier Tesla Losses

Mark Spiegel remains dedicated to his bets that Tesla’s stock, and the broad stock market, will fall.

Stanphyl Capital Management — which lost money in the first quarter largely thanks to its longstanding Tesla short position — recouped some of its losses last month, Mark Spiegel, the hedge fund’s managing member and portfolio manager, told investors in a recent letter. In

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