(Bloomberg) — As equity investors who bet against Tesla Inc. lick their wounds, some corners of the debt market are taking a different view.A hedge fund in Denmark that delivered a 29% return last year has stocked up on credit-default swaps on the world’s second-biggest automaker, based on a bet that its bonds are just too expensive.“It’s mispriced,” Daniel Pedersen, the chief investment officer at Asgard Credit Fund, said by phone. “Tesla could be upgraded to BB- during 2020, but even in that scenario the credit spread is still too tight.”Tesla has riveted market watchers as its bold predictions tempted …read more
Source:: Yahoo Finance
