Dan Niles, the Co-founder and Portfolio Manager of US-based long-short equity hedge fund the Satori Fund, is maintaining his short position on Tesla despite holding a bullish outlook on the broader market, according to a report by CNBC.

Speaking with CNBC, Niles cited several factors he believes will create significant headwinds for the electric vehicle company in the coming months, potentially resulting in a lower stock price, including the impact of surging interest rates which have hiked consumer borrowing costs and could hit vehicle sales.

Coupled with the significant growth in Tesla's stock price seen so far this year, in Niles's view the company is an attractive short bet compared with other tech stocks.

Satori Fund's short position in Tesla accounts for just 1% of its portfolio though, and the fund retains a bullish overall market position with bearish bets accounting for just 10% of it current stock holdings, significantly lower than its historical average of around 50%.