Steve Eisman of "The Big Short" revealed a mistake he's made when trying to deploy his strategy of betting against stocks that made him famous.
He said the failure of that trade made him realize the challenge of betting against a stock that doesn't trade on fundamentals.
"The hardest thing that I have found over the years, is trying to short cult stocks, or meme stocks, they seem to go up on nothing," Eisman said on CNBC's " Squawk Box. "
His success was chronicled in Michael Lewis' "The Big Short," and the subsequent Oscar-winning movie based on the book.
Eisman said he was shocked by the stock's rally despite the EV company's drastic price cuts recently.
Persons:
Steve Eisman, he's, Neuberger Berman, Eisman, shorting, Michael Lewis, Elon, Jim Chanos, Tesla, it's
Organizations:
Tesla
Locations:
United States