(Bloomberg) — Steve Eisman, the investor made famous by betting against subprime mortgages before the 2008 financial crash, said the recent run-up in Tesla Inc.’s stock is inexplicable and is instead bullish about General Motors Co.Eisman, whose wagers against the housing market were chronicled in Michael Lewis’s 2010 book “The Big Short,” told Bloomberg Television he covered a short against Tesla that he first disclosed in July 2018.“Look, everybody has a pain threshold,” Eisman told Bloomberg TV’s Tom Keene. “When a stock becomes unmoored from valuation because it has certain dynamic growth aspects to it, and has cult-like aspects to …read more
Source:: Yahoo Finance
