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London – Steve Eisman, fund manager of the Neuberger Berman group who predicted the collapse of subprime mortgages before the 2008 financial crisis, shorts Tesla because of the automaker's negative cash flow
. This is a very smart man, but there are a lot of smart people in this world and you have to run, he has run problems, "said Eisman." It's not anywhere in autonomous driving, as far as I know, and next year there will be a lot of competition. "
Tesla, whose alarming financial situation worries investors, asked some suppliers to pay back parts to help The maker of electric cars to make profits CEO Musk said Tesla will be profitable in the third quarter of 2018, as it will produce 5,000 of its model 3 sedans a week.It exceeded that threshold in the last week of June, but has not yet proved that he could continue to respect these figures.
The fund manager has bet against Banco Bilbao Vizcaya Argentaria and UniCredit because of their exposure to Turkey. General Motors in rai sound of its investment in autonomous vehicles.
Eisman's bets on the housing market prior to the 2008 crisis were narrated in the 2010 book by Michael Lewis The Big Short, which highlighted fund managers. 19659002] Bloomberg
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