(Bloomberg) — Billionaire investor Michael Novogratz says he earned a “black eye” after shorting Tesla Inc. because the surge in the share price resembles the Bitcoin bubble.“I got cocky and tried to pick the top of a bubble and I got a black eye,” Novogratz, chief executive officer of Galaxy Digital Holdings Ltd., said during a Bloomberg Television interview in Miami Beach, Florida.Novogratz said that Tesla, like Bitcoin back in 2017, is no longer a “fundamental story” and is driven now by the compelling narrative and “any bit of good news,” such as Wednesday’s stronger-than-expected quarterly results. As with Bitcoin, …read more
Source:: Yahoo Finance
