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Tesla stock could slump 50% while 3 legacy automaker pose challenge to EV leadership, says Livermore hedge fund manager

January 19, 2022

Tesla stock is ripe for a big decline in the event of a market slump as several legacy automakers catch up in the electric-vehicle space, according to hedge fund manager David Neuhauser.

In an interview with CNBC, the chief investment officer at Chicago-based hedge fund Livermore Partners, said shares could have a 50% downside in the event of an auto industry decline — whenever that may be.

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