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Stanphyl Capital Up 26% YTD Not Impressed With Tesla Motors Inc (TSLA) Q3 “Profit”

Mark Spiegel’s Stanphyl Capital on its short Tesla Motors Inc (NASDAQ:TSLA) positions from its September letter to investors

For October 2016 the fund was up approximately 6.1% net of all fees and expenses. By way of comparison, the S&P 500 was down 1.8% while the Russell 2000 was down approximately 4.8%. Year to date the fund is up approximately 26.2% net while the S&P 500 is up approximately 5.9% and the Russell 2000 is up approximately 6.2%.

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