Tesla (TSLA) stock soared last week, seeing its biggest one-day gain of 2024 after the company announced it would accelerate the launch of a more affordable vehicle. But not everyone is bullish on Tesla. Bireme Capital Co-founder and Chief Investment Officer Evan Tindell joins Catalysts to talk about why he has taken a short position on the electric vehicle pioneer. "We could easily see Tesla dropping 50%," he explains, citing the loss of market share as electric vehicle competition heats up among auto manufacturers. He also points to self-driving capabilities and robotaxi promises that continue to be pushed off by CEO Elon Musk have soured his outlook on Tesla stock. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance