Tesla announced a “bubble”

Lansdowne Partners investment fund manager Per Lecander in an interview with CNBC called Tesla’s electric car maker a “bubble” that could burst at any moment.

According to Lecander, his fund is holding a short position in Tesla shares, selling shares taken as collateral from a broker, expecting an imminent decline in their value.

The financier is confident that this year will be a “return time” for traditional automakers, among which he singles out the German Volkswagen.

Last year, Tesla’s market capitalization (total stock value) rose to $ 800 billion, but dropped to $ 600 billion in early 2021. It currently stands at 679 billion, compared with 119 billion euros ($ 141 billion) for Volkswagen.

At the same time, other analysts interviewed by CNBC do not agree with Lecader and believe that Tesla quotes have every chance of returning to growth after an unstable start of the year. This could be facilitated by the ramp-up of production at the Chinese plant, which opened in January 2020.

/Media reports.