'Big Short' trader Danny Moses is still betting against Tesla, says core business is 'falling apart'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 24 min. at publisher
  • 📊 Quality Score:
  • News: 91%
  • Publisher: 72%

Regwall-Pro News

Breaking News: Markets,Wall Street,Investment Strategy

'Everything is kind of falling apart in their core business,' Moses Ventures founder Danny Moses told CNBC's 'Fast Money.'

Tesla shares are still vulnerable to a big decline ahead, according to investor Danny Moses of "The Big Short" fame . Even with the electric-vehicle maker's stock down 32% so far this year, Moses is sticking with his Tesla short. "Everything is kind of falling apart in their core business," the Moses Ventures founder told

's " Fast Money " on Thursday. "He's pointing everybody to robotaxis and AI and autonomy," he added, referring to CEO Elon Musk. Moses lists Musk's decision to cut more than 10% of the company's global workforce, a recent Reuters report about a Tesla securities and wire fraud investigation , and uncertainty surrounding the robotaxi as downside risks. The robotaxi's unveiling is set for August 8.

's Anna Gleason contributed to this article. Disclaimer

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines