Tesla Motors Inc (TSLA): Lakewood Capital Still Losing Big On Short

Lakewood Capital’s short position in Tesla Motors Inc (NASDAQ:TSLA) was one of its two biggest losing positions in 2013. However, the fund’s fourth quarter letter, which was obtained by ValueWalk, shows that it remains convinced that it’s right about Tesla. Lakewood sees “considerable downside” to Tesla In the letter, Lakewood said it lost 286 basis points on Tesla Motors Inc (NASDAQ:TSLA). The firm said because of its “fully-diluted market capitalization back to a remarkable $25 billion,” they see “considerable downside” in the automaker’s stock. Interestingly enough, another Elon Musk stock—SolarCity Corp (NASDAQ:SCTY)—was the firm’s other big losing position in 2013….