Hedge fund supervisor Dan Niles mentioned Tuesday that there are smarter methods to play the increase in electrical automobiles than shopping for Tesla.

Niles, who runs the Satori Fund, informed CNBC’s “Tech Test” that he has a brief wager in opposition to Tesla based mostly on the inventory’s valuation and was bullish on the electrical automobile business total. Shares of Tesla had been down 3% in noon buying and selling after the corporate reported earnings on Monday evening.