{"id":391021,"date":"2022-01-07T22:15:21","date_gmt":"2022-01-07T19:15:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/short-seller-fraser-perring-bets-against-tesla\/"},"modified":"2022-01-07T22:15:21","modified_gmt":"2022-01-07T19:15:21","slug":"short-seller-fraser-perring-bets-against-tesla","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/short-seller-fraser-perring-bets-against-tesla\/","title":{"rendered":"#Short-seller Fraser Perring bets against Tesla"},"content":{"rendered":"<p>&#8220;<strong>#Short-seller Fraser Perring bets against Tesla<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>A short seller who accurately predicted the downfall of German payment processor Wirecard is now betting that Tesla\u2019s stock will fall, claiming that the company is overvalued compared to auto giants Toyota and Volkswagen.<\/p>\n<p>\u201cAre Toyota and VW undervalued or is Tesla overpriced?\u201d Fraser Perring, the founder of investigative financial research group Viceroy Research, tweeted Wednesday as he announced his short position on Tesla shares. <\/p>\n<p>\u201cTesla\u2019s quality and [full self-driving <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>] will be measured by the consumers. I\u2019m short again.\u201d<\/p>\n<p>Shares of Tesla fell by more than 3 percent during trading on Wall Street on Friday. Since the start of the new year, the company\u2019s stock has dipped by more than 10 percent.<\/p>\n<p>Overall, however, the stock has performed well, rising by more than 50 percent over the last year and more than 2,400 percent over the course of the last five years.<\/p>\n<p>Tesla\u2019s market capitalization of $1.1 trillion is more than three times that of its closest competitor, Toyota, which is worth $280 billion.<\/p>\n<p>The third most valuable car company in the world is VW, with a market capitalization of $140 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"852\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring05-1.jpg?quality=90&amp;strip=all&amp;w=852\" alt=\"A short-seller who was an early critic of Germany payments company Wirecard has revealed he's betting against Tesla again, saying the electric-car maker's valuation is out of kilter with the rest of the market.\" class=\"wp-image-20752399\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring05-1.jpg?quality=90&amp;strip=all&amp;w=1704 1704w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring05-1.jpg?quality=90&amp;strip=all&amp;w=1278 1278w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring05-1.jpg?quality=90&amp;strip=all&amp;w=852 852w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring05-1.jpg?quality=90&amp;strip=all&amp;w=426 426w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring05-1.jpg?quality=90&amp;strip=all 1024w\" sizes=\"auto, (max-width: 852px) 100vw, 852px\"\/><figcaption>Perring and other activist short-sellers have long claimed that Tesla is overvalued.<\/figcaption><\/figure>\n<p>But Toyota and Volkswagen are more profitable than Tesla and sell more cars. While Tesla sold nearly 309,000 cars last quarter, both Toyota and Volkswagen each reported more than 2 million vehicles sold during that same period.<\/p>\n<p>Perring isn\u2019t the first activist short-seller to predict Tesla\u2019s demise. <\/p>\n<p>Carson Block, the founder of hedge fund manager Muddy Waters Research, warned that it was a mistake to buy put options for Tesla, as he did. He also said it was wrong to underestimate Musk.<\/p>\n<p>Last summer, Block said that he agreed that Tesla was overvalued. The company market capitalization at the time was $710 billion. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring01-2.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Elon Musk's electric vehicle company has a market capitalization exceeding $1 trillion.\" class=\"wp-image-20753774\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring01-2.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring01-2.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring01-2.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Elon Musk\u2019s electric vehicle company has a market capitalization exceeding $1 trillion.<\/figcaption><figcaption><span class=\"credit\">Getty Images for TIME<\/span><\/figcaption><\/figure>\n<p>Other well-known investors who bought short positions with Tesla include David Einhorn of Greenlight Capital and Jim Chanos of Kynikos Associates.<\/p>\n<p>An investor who sells a stock short profits if the value of the stock falls. An investor borrows shares of an asset and then sells the borrowed shares to buyers at market price.<\/p>\n<p>The investor sells it with the intention of buying it back later for less money.<\/p>\n<p>Musk has expressed disdain for short-sellers. In 2019, he said the practice \u201cshould be illegal.\u201d<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Musk\u2019s outfit has become the most valuable carmaker in the world. In fourth quarter of fiscal year 2021, it set a record for vehicle deliveries, shipping 308,600 cars to customers, easily surpassing analysts\u2019 projections.<\/p>\n<p>Overall, Tesla shipped 936,172 cars from its factories to customers last year \u2014 an 87 percent increase from the previous year. <\/p>\n<p>Tesla\u2019s meteoric rise has galvanized legacy automakers like Volkswagen, Toyota, Fiat Chrysler, and others to pour tens of billions of dollars into production of their own fleets of electric vehicles in what has become an increasingly competitive sector.<\/p>\n<p>Volkswagen and Toyota plan to invest a combined $170 billion in the next few years as part of a strategy to scale up their transition from internal-combustion engines to battery-powered vehicles.<\/p>\n<p>Perring, a British analyst and former <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> worker,  co-authored a report on Wirecard that alleged widespread fraud and money-laundering. <\/p>\n<p>The firm eventually collapsed in 2020, owing nearly $4 billion to creditors.<\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/01\/07\/short-seller-fraser-perring-bets-against-tesla\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Short-seller Fraser Perring bets against Tesla&#8221; A short seller who accurately predicted the downfall of German payment processor Wirecard is now betting that Tesla\u2019s stock will fall, claiming that the company is overvalued compared to auto giants Toyota and Volkswagen. \u201cAre Toyota and VW undervalued or is Tesla overpriced?\u201d Fraser Perring, the founder of investigative&#8230;<\/p>\n","protected":false},"author":1,"featured_media":391022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/01\/elon-musk-fraser-perring-comp-1-2.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[77201,123415,39394,36402,72419],"class_list":["post-391021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-toyota","tag-1-7-22","tag-elon-musk","tag-tesla","tag-volkswagen"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/391021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=391021"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/391021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/391022"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=391021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=391021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=391021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}