Tesla short seller Jim Chanos closes fund

[davelloydbrown]

https://ca.finance.yahoo.com/news/short-seller-jim-chanos-shut-231805967.html

Elon will be happy about this news, now just a few more short sellers to go.

 

[HaulingAss]

https://ca.finance.yahoo.com/news/short-seller-jim-chanos-shut-231805967.html

Elon will be happy about this news, now just a few more short sellers to go.

Elon would rather have watched Chanos remain short through the next TSLA stock price explosion coming up as energy products experience their next big growth phase including eye watering margins.

Oh well, 2023 was pretty disasterous for the one trick pony anyway.

 

[intimidator]

https://ca.finance.yahoo.com/news/short-seller-jim-chanos-shut-231805967.html

Elon will be happy about this news, now just a few more short sellers to go.

Sorry, not sorry

 

[chonnertruk]

Hopefully he closed out enough that the market rally will continue.

 

[flowerlandfilms]

Time for Gates to admit he was wrong too.
Come on Bill, Windows Vista should have taught you how to accept failure long ago.

 

[jerhenderson]

If only the Bill Gates hypocrite would do the same.....

 

[Arctic_White]

Chanos maintained a bet against Elon Musk’s Tesla for more than five years — and got burned.
The stock has soared more than 1,500% since 2015. Chanos had taken issue with the company’s business model and its valuation, and said in 2020 that its quarterly profits were driven more by sales of regulatory credits than cars.
His Chanos & Co fund went from
$8 Billion to less than $200 Million.
After those kind of losses Chanos finally realized he has no idea what he is doing.

He made the right call about Enron and came out very well. That right call made him think that he can again figure out which other companies are "fraudulent" and of all the companies that he could be suspicious of, he chose Tesla. Well we all know how that turned out.

Never bet against Elon.

 

[charliemagpie]

For a while, I thought these short sellers, or at least the ones on TV were employed by a larger group .. Perhaps big oil to undermine anything good about Tesla.

Turns out they are just misaligned in the head.

 

[CyberGus]

For a while, I thought these short sellers, or at least the ones on TV were employed by a larger group .. Perhaps big oil to undermine anything good about Tesla.

Turns out they are just misaligned in the head.

Could be both?

 

[kbolt]

Chanos maintained a bet against Elon Musk’s Tesla for more than five years — and got burned.
The stock has soared more than 1,500% since 2015. Chanos had taken issue with the company’s business model and its valuation, and said in 2020 that its quarterly profits were driven more by sales of regulatory credits than cars.
His Chanos & Co fund went from
$8 Billion to less than $200 Million.
After those kind of losses Chanos finally realized he has no idea what he is doing.

If I lost 7.8 billion I would not have many happy thoughts... Although 200 million still puts you firmly in the top 1%