A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors.
Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14.
His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates .
Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development.
"I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.
Persons:
Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal
Organizations:
Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis