Yet while most shorts believe there is at least some value in Elon Musk’s car company, Mark Spiegel of Stanphyl Capital Management is convinced that when the dust settles, Tesla will be “a zero” (whether or not Musk will be “bankwupt” is another matter). He made this clear rather early on, in fact on the front cover, of his 156 page slideshows that he delivered at the Kase Learning short selling conference.
https://www.zerohedge.com/news/2018-05-06/why-one-hedge-fund-thinks-tesla-worth-0-full-presentation