Billionaire Investor Bill Ackman Is Betting Against Tesla -- At Least for Now

Billionaire investor Bill Ackman made a name for himself in the 21st century through activist short-selling. But these days, Ackman's fund, Pershing Square Capital Management, tends to own about a dozen stocks at any given time, usually on the long side. Pershing has never owned Tesla (NASDAQ: TSLA), the electric car and robotaxi company run by CEO Elon Musk. Ackman is not actively shorting the stock or purchasing put options on the name, either. But Pershing launched a new position earlier this year, which is now the fund's largest holding. And it's essentially a bet against Tesla -- at least for now.Robotaxis with full-self-driving (FSD) capabilities are beginning to pop up in some of the largest cities in the country. After years of experts predicting that FSD would one day be ubiquitous, it feels like the industry is now at a tipping point.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool