Leon Cooperman, CEO of Omega Advisors.
Adam Jeffery | CNBC
“I would say we’re in the early stages of knocking on the door of euphoria, but we’re not quite [fully in] euphoria,” the founder of Omega Advisors said. “Certain parts of the market are in euphoria like Tesla. Other parts of the market, like energy, are in pessimism.”
“And so I’m trying to find things that make sense,” he said told CNBC’s Scott Wapner on the “Halftime Report.”
Cooperman’s comment on Tesla comes on the heels of a historic stock run for the electric car maker after better-than-expected financial results. The stock is up more than 280% over the last six months between an uptick in buying and a large-scale short squeeze in the equity.
The spike in Tesla shares came after the company reported fourth-quarter earnings of $2.14 per share, well…