"I just think that that it's really that the choices now are increasing," Chanos said on CNBC's " Fast Money " in Miami Monday. "The bears were wrong on competition. It took a long time to show up, but I don't think they're wrong now. I think the competition is growing." The founder of Chanos & Co. said that investors often forget that the carmaker lost money through 2019 manufacturing cars in the U.S.
mountain Tesla "They're wrestling with some issues, and the stock is still at almost $550 billion market cap is trading now at 20-some times gross profits," Chanos said. "It trades at a premium … actually trades at a premium in terms of its multiples to Ferrari and Porsche." Chanos said Tesla has a major footprint in China, generating a significant amount of profits in the developing country. And it's also a source of many risks, he said.
In India there is a famous saying for a person like this it's called a quarter short in mind It is surprising either he has not yet understood Tesla or he is paid to talk against Tesla
Te best advice is : Do always the opposite of cramer!
Im betting against tesla and loosing shit ton of money. Tesla can never be defeated until the people who believe in it are there. Way to go tesla followers!
CNBC fronting TSLA shortseller? What's the going rate for this desperate infomercial airtime?
Really
Where is this guy from? He will end up loosing all betting against Tesla.
He’s getting smoked. Time to get on everybodys favorite mouthpiece CNBC
Jim has been wrong for a longggg time
Woof
Chanos’s puts are toast. Just like Bill Gates.
How much are you down
Short selling should be prohibited by the SEC. The main victims are the retail investors that work hard to invest their savings and are scammed. Short selling = dirty money.
Chanos gonna get smoked!
Jim Chanos has interesting and well articulate view.
Red or Black? Never bet with investments. Be an investor not a gambler. Statistics lie all the time and within all success lies the seeds of failure.
michaeljburry did this a long time ago at much higher prices I believe but the Tesla PE is still 46 so it has a lot further to fall.