Cryptocurrencies
Novogratz Earned a ‘Black Eye’ Shorting Tesla, Still Sees Bubble
- Billionaire shorted shares of Tesla ahead of earnings report
- Compares market enthusiasm over Tesla to Bitcoin mania
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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.