Stephen Weiss of Short Hills Capital Partners has a bearish view on shares of Tesla due to its CEO, Elon Musk, and industry headwinds.
Stephen Weiss, the chief investment officer and managing partner of Short Hills Capital Partners, is very bearish on Tesla stock. "I'd be more predisposed to shorting it than owning it," Weiss said on CNBC's " Halftime Report " on Thursday. There are a few reasons for Weiss' negative view on the electric vehicle maker. CEO Elon Musk's busy schedule is one of them.
"So competition is here, that has always been the Achilles' heel." He added that he isn't as bullish on electric vehicles due to a lack of infrastructure that would make it difficult for mass adoption. Basically, there aren't enough charging stations for it to make sense outside of being a local vehicle, he said. The weak economy and the fact that the company has had to increase incentives for buyers doesn't help, he said.
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