Tesla Short-Seller Chanos Responds To Musk's Allegations
Вставка
- Опубліковано 17 лип 2018
- Jim Chanos, Kynikos Associates founder, on Elon Musk's allegation that he was using Business Insider reporter Linette Lopez for inside trading information and his case for shorting the company at the Delivering Alpha conference.
» Subscribe to CNBC: cnb.cx/SubscribeCNBC
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: www.cnbc.com/
Find CNBC News on Facebook: cnb.cx/LikeCNBC
Follow CNBC News on Twitter: cnb.cx/FollowCNBC
Follow CNBC News on Google+: cnb.cx/PlusCNBC
Follow CNBC News on Instagram: cnb.cx/InstagramCNBC
Tesla Short-Seller Chanos Responds To Musk's Allegations | CNBC
This didn’t age well
How does one go about shorting Chanos?
Buy $TSLA
Buy the things he's shorting. BTW, Chanos was totally wrong about Apple going bankrupt and many others.
Buy Tesla car/Semi(only 7 year garntee)
buy Tesla stock(burn -2,4 bil $ every year ; liabilities{debt} = -30 bil $ )
buy tesla solars( tesla pay your produced electricity from your solar on unfair price & get lices on installed solar)
buy tesla home battery pack(only 7 years)
You mean shorting a guy who's outperforming SP? Good idea.
How's he doing today?
Hey Chanos, how you feeling about your short position now big boy?
Haha
Without Tesla, no other car company would pursue electric cars. Now look at the all the majors rushing to make plug-ins and full electric. By the way, Tesla is making 5k Model 3 a week. That’s impressive coming from where they were just 2 years ago.
Make Tesla Great Again!
iali00: almost every thing you said is WRONG. Legacy OEMs have been developing EVs for over a decade ... the reason they are launching more EVs now and planning more in the near future is because the cost of key components (i.e. batteries) has finally come down to the point that makes EVs profitable, not because Tesla created the EV market. Heck, in the China or Europe, MANY more EVs are sold than in the USA, and very few of those are Teslas .. Teslas has no influence there, so your hypothesis is dead on arrival.
Lastly, NO Tesla is NOT making a sustained 5K Model 3's a week, they shipped over 5K only during the last week of last quarter, for the purpose of swaying stock holders ... since then, they have not hit 5K per week. The 5K target will not be meet until Tesla averages that production rate continuously .. still a long way to go .. that is why the stock is dropping ... Tesla missed their target.
It is you that is wrong in the sense that no other car manufacturer is actually making batteries or EV components and it's doubtful they can make a profit on their non-Tesla EV cars. Since everyone wants batteries and there's a shortage on the market, they'll likely be paying through the nose. Tesla on the other hand does make batteries (and not just for their cars), motors and an actually stunning percentage of their cars.
Furthermore there are currently NO high speed chargers available for any of the competing cars where Tesla has a fast growing supercharger network. By the way, so called competitors Audi e-Tron and Jaguar i-Pace have both not even released, over 2000 days after the release of the Tesla Model S. Audi postponed release because their CEO in Germany got thrown in jail.
Your claim about not sustaining 5k/week is also totally besides the point the parent poster was making. Not only are you spreading a false rumor where others are calculating around 6k/week, you miss the obvious point that the car is outselling BMW, Audi and Mercedes in the same car category in the US at the moment, not just in the EV segment, competing against established ICE cars. This would be the case even at 4k/week.
Matt Casters: Nope, you are still very wrong. Tesla does NOT make battery cells, and they buy the majority of their parts (how do we know that: only 45% of Model 3 is made in USA, while Chevy Volt is 60%, LOL).
Panasonic makes Tesla's batteries, Panasonic installed their mfg machines at Tesla's factory. Now Tesla is "stuck" with that one supplier, battery chemistry, and cylindrical cell format. Legacy OEMs all analyzed and agreed that battery cells should be a purchased commodity, in order to get the lowest price, guaranteed supply from multiple suppliers, and not be locked into a single chemistry / technology as battery tech is quickly advancing. Legacy OEMs all concluded that battery pack design and mfg would be a core business, NOT cell production. So, why did Tesla make the "wrong" decision? .. because they needed lots of cells yesterday, when there was not scaled up manufacturing for them, Tesla had to force this to happen, which they did, now that decision will come back to bite them down the road. The entire lithium cell mfg industry is growing like crazy, and there is more automotive cell production capacity outside of what Panasonic is producing for Tesla. So, NO the OEMs are not going to be paying through the nose. All published reports comparing Tesla and other OEM battery pack costs are fairly close on cost right now, close enough that Tesla does not have a significant cost advantage. So, you are wrong, legacy OEMs can build comparable cost packs and the supply of cells is not an issue.
As for EV component mfg, do you know that less than 1/2 of the Model 3 content is made in the USA? Contrary to the Tesla marketing hyperbole, they buy most of their parts from the SAME supplier base that the legacy OEMs purchase from. You really need to start learning the facts and ignoring the fanboy hyperbole.
Tesla Mod 3 outselling all other ICE cars in that segment is a bright point. However, government tax rebates are fueling much of that, especially in CA, where a large state tax rebate is available. Also, sales in that segment have been falling for years, everyone wants cross-overs not sedans.. but Tesla buyers have no choice, ya get a Model 3, because Tesla made the wrong decision, they should have built Model Y before Model 3.
Over the next 10yrs, battery pack costs are expected to drop in 1/2 for ALL car companies ... that point in time is the tipping point where EVs equal ICE cars in cost / function .. that point in time is what legacy OEMs are working toward with the latest system architectures ... where will Tesla be then? .. stuck with obsolete architectures & battery mfg equipment?? ... they will progress, but that will cost BILLIONS more ... this is the automotive industry, its tough .. Tesla has done well, beyond the expectations of most, but their battles are only beginning.
HAHAHAHAHA take a look at the stock price now... their new goal is 7,000 per week... and they haven't even opened up to Europe... Europe alone would buy more than 10,000/ week. HAHAHAHAH what a joke your words turned out to be. HAHAHAHA
Hey @cnbc how about a new Chanos vid? Or do you wan to wait until the stock reaches the half century mark?!?!
This aged well
Q: How do you spell Chanos? A: I D I O T
Jim Chanos declared that Apple would go bankrupt after hiring Steve Jobs back again in 1997.
Tenzin Thinley the world is bankrupt, lets just assume it.
Fake news?
Did he really, my god how does anyone still listen to this guy and how does he keep making money if he shorts companies that run the other direction than he says.
He never did. Stop lying. He actually owns stock in Apple.
didn't apple nearly got bankrupt bank than and even Gates helped out (probably to not have a monopoly?) ?
Chanos: "since 2014, the stock has gone basically flat." (graph on the right: +170% since mid-2013)
C: "if you compare to NASDAQ since 2014, you've been underperforming *pretty dramatically* " (NASDAQ +89% since the beginning of 2014; TSLA: +109%)
What is he talking about?
i wonder the same....
It's CNBC, they think their audience is incapable of thinking.
So fun to look at this with hindsight. Over 1600 today. Wonder when he covered.
Chanos is running out of cards on Tesla.
This is aging badly... TSLA stock tanked since this video posted
Hes bluffing holding napkins
@@amishaggerty look at the stock now lol. It will get even higher. Tesla grows exponentially, stock will be 1000 within 5 years, easy.
@Grant Smith The stock is underperforming the market by a huge factor. What will happen when the market drops?
Please, keep buying TSLA stock.
@Grant Smith I have no position ATM so no I didn't. Word of advice, sell your position before the next market crash. Good luck.
Tesla is not Enron. Get over it chanos
Oh I think it is!
Pete A
No it's not. But that doesn't mean it's a sound investment. Only time will tell but it's too hard for ME when there are so many other things to focus on.
No, enron is their CEO
Accounting fraud? How widespread is it at brokerage firms?
... Say there are 3 agents in the stock market, A, B, and C. All A does is short sell the common stock of Tesla company. All B does is buy the common stock of Tesla company. And all C does is buy (from B) AND lend (to A) the common stock of Tesla. Then would not C and B eventually end up with a number of shares EXCEEDING the total number of shares outstanding, (equal to say X ; X being a finite number) of Tesla Company? And then how will the short sellers cover seeing that there are more shares owing than actually exist? N(C) + N(B) > X : What prevents this from happening? Can you say for certain that your broker has not lent somebody else the shares that are in your account?
In theory - should not happen, because when C lends a share to A, that is one less share in C's account UNTIL the short is covered, the share owing returned. BUT what if the broker has been lending out the shares in C's account without C's knowledge? So C continues receiving account statements claiming the shares he nought are in his account, but his broker may have secretly lent those shares out (sold them for a short seller). Are terrorist cells, white collar criminals, Bernie Madoff personality types, working on Wall Street?
If you think about it, shares should be numbered, engraven with serial numbers, accounted for - like cryptocurrency in a blockchain.
... The point being, does not short sellng create phantom shares which do not exist? For there appear to be no safeguards in place, and nor does the SEC investigate such issues. In other words many now think they are holding shares of Tesla common, when in fact they are not, but are merely receiving papers in the mail saying (falsely) that they have shares in their account.
... Consider the invention of tracking stock, which paper was as the paper money found in Parker Brothers' Monopoly board game. Or Bernie Madoff, who was eventually arrested but only after decades of claiming to buy and sell shares for his clients - all he was doing was issuing paper statements. The point being, the SEC, the politicians, police and journalists - by a large amount, do not care about such issues until their own livelihoods are personally threatened. They have no honour or sense of character - no zeal for righteousness, it would seem. Or am I being paranoid?
How about DeLorean Motors?
2029: Tesla, $1T market value.
Chanos: I keep shorting Tesla.
CNBC: We'll keep on spreading FUD.
2029 only $1T?
It’s over half a trillion now and we are at 2020.
@@michelstronguin6974 Yeah, posted that last year, lol... I am kinda expecting 4T+ by then...
5-10T by 2030 IMO
I am glad, I moved away from CNBC to Cheddar. CNBC gives air time these guys, without asking tough questions. He has been short of a while, which never materialized..
Shorts take a very long time to materialize
"When you bring serious charges you should bring serious evidence"....words for Jim Chanos to live by ....he say alot of stuff about Tesla but I have yet to see any serious evidence
KIM ROLLO but he hasn’t been proven wrong in any of his claims. Time will tell, right?
true he hasnt been proven wrong .....but he hasnt shown much evidence either .....most of what he says is just speculation .....which is exatly what he was accusing Elon of .......He maybe right I have know idea....but he says one thing and does another
@Grant Smith the same as it did a year ago
@Grant Smith what wasnt true about my comment?
@Grant Smith INDEED
Where is Jim Chandos now? How wrong have NBC commentators been about Elon Musk? UA-cam puts this into the public record for ever.
4:30 "through residential neighborhoods"... He acts as if Musk would be bulldozing homes to bore a tunnel. Help me out with the logic behind this statement.
I believe the CORRECT English would be UNDER and not THROUGH unless there are neighborhoods 30' underground.
Wow lol HE DOESN'T GIVE UP...I am not even bullish on Tesla but C'mon.
He's a sewer rat.
He is a fundamental investor. Bubble can last a long time. Most of profesionnal short have profit built -in their position. He stated many time that is short is not expensive...soo why quit.
ponder2006 hehe
You still poor bruh?
this Guys claim Tesla software is behind general motors.. this guy has a B.A in economics and political science, HE IS NOT A programmer, and can't be relied on his claim, he can only site "other" claims
All sizzle and no steak describes Chanos way more accurately than the guy with a track record of constantly delivering stuff Chanos constantly says is impossible. True he's often late delivering the impossible but he keeps delivering it. Then Chanos blithely moves on to declaring the next venture impossible. What a con man.
I enjoy the Tesla Steak way more than the sizzle. Obviously he doesnt drive a Tesla.
Chanos got his Rump Steak Burned on Tesla Shorts! 😂😂😂
Elon has not made any of those charges (illegal or otherwise). but the short sellers are trying to take down the company on leverage vulnerability.
If the longs were so confident or so many, they would be able to force shorts to cover or liquidate them.
Elron can take the company down no need for short.....
@@dlamardeyoutoubeWOW! Did that age POORLY!!
Almost as Poorly as those Shorts who got their ARSES Burned following Chanos Lying Story!
"We have gone from being a concept to having to engineer automobiles and that's where it little more difficult" enough said, Tesla doesn't have a problem engineering vehicles, managing expectations and financing maybe but no problems with Engineering. If model 3 was ready for delivery in 2016 I wouldn't have purchased a Rav4.
Manufacturing is hard. Tesla is successfully learning how to do it. And yes, it's hard.
“Since 2014 this stock (Tesla) has gone basically flat” am I hearing this guy correctly? This guy has lost it in every way.
this guy is an old dinosaur
Even if the guy was to lose completely on his short he would still be worth more than all Tesla keyboard warrior combined.
Has anyone seen Jim Chanos lately?
WoW! Chanos has absolutely no concept of what can be done when innovation and technology are properly leveraged. Unless he is able to engage in market manipulation (I am in no way accusing him of anything) I believe he is going to fail big time. I look forward to watching his downfall.
Elon Musk is tired of being bullied
I was doing some back of the envelope calculations on the earnings Tesla expects from the model 3 over the next two years, assuming Munro's teardown is accurate. Even if you assume that Tesla will only sell pre-ordered Model 3s, you still end up with enough money to more than cover the total debt Tesla owes. I kind of get the short case in the short term, especially if you're short seller on TV freaking out retail investors with stories about Elon Musk's psychological meltdown, but in the long run, I can't really see all that many problems. Perhaps somebody out there is better informed than I am.
B Oar You have du deduct the costs of manufacturing, cost of guarantee and other like the cost of selling the car. This makes the margin negative 😂
@@0xdr0id29The only thing Negative is Jim Chanos Bank Account from the Brutal Losses he took shorting Tesla. 😂😂😂
The problem here is they didn't ask or address how The Boring Company will accomplish their goals. They just said no, it's not going to happen. The information is readily out there on TBC website nonetheless. Hypocrisy at it's finest.
Jim Chanos will be in historic book. He won Enron and he will loose over Tesla. It’s like every single time he is on CNBC he talks about Tesla.
Tesla is no Theranos. Come on man.
So can you buy the 35k Model 3 which Tesla used to scam people for a free 1k loan?
The 35K Model 3 is going to come. They just had to produce lower volume, higher spec Model 3s to root out teething problems in preparation for mass production which, they seem to have done. Tesla has stated that the 35K Model 3 is starting production early next year and there's no reason to be sceptical. Though if it's Tesla time, production would probably start between 2Q-3Q 2019.
Its not true. Go on the website, they removed every reference to the 35k version.
“Yes. We will definitely offer a $35,000 version of the Model 3. And probably at the end of this year is when we will be able to make a smaller version of the battery pack, and get into volume production of $35,000 version in Q1 next year. We would definitely honor that obligation, and we would do so right now if it were possible.”
- Elon Musk at Q1 shareholder's meeting
"It's a mistake to position [removal of mention of 35K Model 3 on Tesla's website] as a change in Tesla's plan because it's not, we're just focusing on the options that are available now for our customers so that it's more clear. There's nothing else to it."
-A Tesla spokesperson on interview with Ars Technica on 13 July
Tesla wants to encourage potential buyers to look at and consider the current variants of the Model 3 on offer now. They want them to purchase Model 3s now. Not wait till next year. Cause supply is probably starting to outstrip demand and they need to stop anti-selling the Model 3 through mentioning that buyers can wait till next year for a cheaper variant which would obviously decrease Q3 and Q4 sales. And, if they don't increase sales this year, they'll have to raise capital again.
Also consider that if Tesla lies, their already weak-and wrongly so- reputation will be crushed. Oh, and the class action lawsuits are going to come rolling in. The Model 3 is the automobile equivalent of the B747. If a single part of the plan fails, "will the last person leaving Hawthorne please turn out the lights". Tesla just cannot afford not to sell the 35K Model 3. Even if they lose money on every single one.
Update for anyone watching this in January 2023. Chanos was short $321 here (pre 15 to 1 split). At $135 today, it's the equivalent of $135 x 15 = $2025/share.
Yep! He basically rolled up a $$Billion shoved it up his backside and lit it on fire with “NOT a Flamethrower”!
They should have a “Burned $horts Counter” every time he comes on showing how many $$$$ he LOST to date shorting Tesla! 😂
The bad time was 2013/14 lol. Hope you covered last year Jim.
Personality cults can form in the domains of both politics and business. Whoever is most charismatic usually wins in the short run because charismatic people are held to much lower objective performance standards by ignorant lay people. Most people would rather believe in something that makes them feel good than think rationally and dispassionately about what is actually going on.
slovokia Well said and absolutely correct.
5:50 "In 2013, [Tesla stock] ran from $30 to $300." False. It went fromo 30 to a median of 220.
"Since 2014 this stock has run basically flat." Again, false. In 2017 it jumped from 180 to 360.
Jim Chanos is a flat out liar.
What's not good is Jim can keep coming on and saying negative things and never have to respond when he is wrong. He just keeps pilling on. He is correct on one thing, that if you keep amplifying things people will start to believe them, and that is exactly what he is doing and hoping for.
Where is Chanos now?
On suicide watch i guess LOL
@@ProfessorFickle I have no ill will for anyone. They guy was just plain wrong, as a lot of the traditional stock analysts were. He, like the others, could not see Tesla as a technology company. He, and others, could only see it as a OEM. Very sad.
Leif Johnson
The lesson is ... never “short “ a stock , it’s the worst time of gambling ever. 🙃
2019/12/23 TESLA stock >$400 per share. How much profit is doing Jim Chanus short selling on TESLA?
2020/1/13. Sorry I am wrong... now TESLA stock >$500 per share 😃
@@enriquevillarreal54 $3,385 pre split.
Of course the stock has been flat since 2014. The price back in 2014 reflects a long term view, which is about the unfold in the next 12 months. Watch it explode within 2 years. Why is something so obvious to some so unclear to others. I suppose thats the difference between winners and losers.
Its the difference between those who analyze reality logically and objectively and those who are driven by fantastic emotional idealism.
He didnt make a charge, he asked a question.
The main problem is, the sortseller can lie, in every word..... but an CEO must select every word perfect o he can go to jail.....nice system....
It seems to me his problem was the idea of advancement given his comment regarding the Chicago subway system. Some people are opposed to technological advancement it seems, or maybe at issue is who was behind the innovations.
Only two week past , how do you feel now?
tesla is now 400, up 50% in 6 months hahahahhahaha
900 today
FLYBOY805 2000 today
Isn’t that what a short seller does what he keeps saying, “if you amplify things some certain part of people will believe it.”
One of things I like to look at is Income from Operations. Tesla: 2014 -294 M, 2015 -888 M, 2016 -773 M, 2017 2.2 B. So this company is not making money from producing cars.
A nobody judging a Somebody.
He is richer than Elon btw
0xDr0id
elon worth=20bil
chanos worth=1.5bil
looks like elon by 1.3 orders of magnitude
Musk has his main assets in Tesla stock. It might be worth a couple billions at the current stock price the problem is that he can not sell for the price as there would be a instant drop. Also Musk is financing his lifestyle with loans on stock, so he will be margin called when the stock price would drop which would further accelerate the decline. Chanos can sell anytime is hence richer. I know its difficult for little Musk fanboys to do basic thinking but who cares.
Where did you get your info on how Musk finances his lifestyle? What on earth is your info on Musk's lifestyle? How much financing does it take to work 100+ hours a week? Musk also owns a good bit of Spacex. Why would he sell Tesla or Spacex since both are the loves of his life? Basic thinking; something you have trouble getting beyond.
A nobody commenting on two somebodies.
Meanwhile stock past 1200 dollars. R.I.P.
2040 now 😂😂😂
Elon is about to save our planet for us all and there are people, companies and oil states that want him to fail.
Elon Musk is brilliant man and one of few our planetary heroes. Jim Chanos is an hedge fund manager. Who asks him ;-)
dvoglavaazdaja people who will take anything in the mouth for money.
Tesla is dependent on money from Wall Street. So is quite relevant what Wall Street thinks.
True: Musk is thin skinned on twitter.
False: The model 3 is real, functioning and good. I would not like to be shorting Tesla right this moment.
Andre P I don't think you said it the way you mean. You mean the Model 3 isn't a good car? Because this is what you said..
Where is the 35k Model 3 which the valuation is based on?
There is a direct connection between the journalist making accusation about Tesla that drove the stock down and Jim Chanos. I use to think that Elon Musk was being harsh on the media but when you ignore such a connection and don't ask more questions related to that connection you are just proving him right.
chanos seems to be so wrong about Tesla jan 2020
Tesla model3 will cost near 50 000$(incl self driving software)
50 000$/7 years bettary garantee = 7000$/1 year
7000$/12 months = 600$/month {if not pay on Tesla road charges stations}
Insanity!! What are these rocket scientist saying now?
annoying
Hahahahahahahahahahahahahahahahahahahahahahahahahahahshahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahhahahahahhahahahahahahahhahahahahahahahahahahhahahahahah
I’m out of breath
@4:50
"I think each one of those statements is probably not true..."
Which immediately implies "Musk is lying"
But if he went to court he would say
"I think" (my opinion)
And
"probably" (not definitive)
He then mentions another project which was notorious for being overcost and uses that as a cost guide, when it's already been explained that the Tesla system is cheaper and faster.
Couple this to the "fact" that Chandos is "probably" up to his neck in debt as far as investment in Tesla is concerned, he wants (NEEDS) them to fail and I know who I believe!
Jim Chanos is lost in wishful thinking
The problem with the mentality of "the results will out" is that shorts in large number and sufficient connection have the power to skew those results. Case in point, Tesla has demonstrated an ability to produce a desirable affordable electric vehicle at a gross margin akin to a luxury vehicle with sufficient volume to meet new demand and sufficient economies of scale to net positive cash flow per car. This is all public record included on a quarterly report filed with the SEC and nobody has accused them or found any evidence of fraud in any way. Their stock should, in a market that was driven by the value proposition of a position, go up on that news. Instead, a single analyst downgrades the stock, for reasons that are questionable at best and a violation of his fiduciary responsibility at worst, and the price falls 4%. This screams of direct manipulation, especially on a stock whose short position is equal to half of its cumulative revenue.
That last statement by Mr. Chanos, I see as positive for Tesla and Musk's leadership. They are overcoming hurdles daily and much of the improvement is in software, according to Musk. Annualized losses are $US 4B for Tesla right now, but if demand remains strong, that trend could. change soon.
I always like to see the comedy show that is the brain of Jim Chanos. "I won big betting against ENRON."
Not sure about you guys but I will never trust a short-seller
You have to respect this guy, even when it hurts!
till Q1 2017
Tesla balance sheet :
Liabilities(every kind of DEBT) = (-26) bil $
LOSSES(in eqity) = (-4) bil $
&
income statment
Q1 = (-709)mil $ by selling profitable(??) Model 3
Jim Who?
No Jim, the steak turned out to be prime rib buddy! And you asked them to toss your slice into the trash. ;)
serious "charge". Doesnt he mean "allegation"
Jim Chanos is not considering all the variables. His "formula," when applied to Tesla and/or Elon Musk, simply is inappropriate.
So who is providing 5 billion of capital to keep the lights on in the factory the next year?
An expert from the comment section on youtube will come up with the money. They are all genius like Elron. Trust them.
Lost me at comparing a car company to nasdaq
this is like Andrew Left of Citron. said nvda would crash after hitting 150, now it's at 250
Gee, I wonder if Chanos is trying to give Tesla more bad press. It's ridiculous how much say he gets in the media.
Good old Jim "the competition is coming" Chanos. This guy boosted his short position against Tesla late December when the price was around $100. It's gotta hurt. Pity the fool. Please give poor little Jimmy apair of short short scene Elon.
Seems like the letter is accurate
Tesla short-selllers are like your super old uncle who doesn't get nor can he use technology so he'll say silly things about it to justify his own shortcomings.
Everytime I look at these negative Tesla videos they show the stock going down I look at stock it's always going up
I get the feeling this is going to be the Javits Center all over again.
Boy was he wrong.
oh yes, making cutting remarks on twitter shows that his cars aren't good enough. My lord
He’s past his best , Tesla is beyond his comprehension. I also believe he just hates that he’s wrong on Tesla . Time will crush his thinking ,
Why are they even talking about short selling like it is a good thing? Short selling is illegal.
Say what?
bla bla bla ... there is no proof of work/stake ... is there any proof in his words and how can i believe him
see, there is the problem
Why put in the air someone who doesn’t create anything helpful for the world?
Elon Musk is dancing all the way to the bank
I just want to know when I can by the $35k version of a M3.
Now
@@biplabkumarghosh6300 Yes, I found out later that the $35k M3 simply isn't listed on the website. You have call in and special order the bare bone stripped down version cause they actually lose money on the deal.
Dislile first, then watch.
Honestly I don't get the point of this video. It's just dumb how the media is always bashing Elon about his inventions and if you think about it Elon is one of the greatest inventors of our time not to mention most successful and innovative and then the media constantly comes up with untrue stories to put him down. Can't wait for his Pravda idea then we can rate news channels like this.
"And there's no way you can land multiple orbital class booster rockets in perfect chorepgraphy!"
LMAO @ Chanos. What has he accomplished? Zero.
I need a Tesla Long Tshirt.
chanos, RIP
Where you at now Jim? Elon is laughing at you.
How could you mention Elon and Bad Blood , that was a full blown scam. I know Chanos knows that
Nice hit job. I guess it pays well by the industries.
A lot of Tesla Fangirls got offended. There are two sides to every trade folks. Elon AND Tesla are rightly controversial, he's a 'genius' and the cars are great by all accounts but that does not necessarily mean TSLA is a good investment. If you are going to invest you better be open to both sides or get your head handed to you.
these DUFUS can't see what we like about musk and his stock???? why are they on TV?
Chanos is done, he's pushed this narrative to the breaking point.
Yes, yes, yes, keep shorting it. I need it to go lower so I can buy some.
its my sweetheart chanos
Say there are 3 agents in the stock market, A, B, and C. All A does is short sell the common stock of Tesla company. All B does is buy the common stock of Tesla company. And all C does is buy (from B) AND lend (to A) the common stock of Tesla. Then would not C and B eventually end up with a number of shares EXCEEDING the total number of shares outstanding, (equal to say X ; X being a finite number) of Tesla Company? In theory - no, because when C lends a share to A, that is one less share in C's account UNTIL the short is covered, the share owing returned. BUT what if the broker has been lending out the shares in C's account without C's knowledge? Are terrorist cells, white collar criminals, Bernie Madoff personality types, working on Wall Street?
N(C) + N(B) > X : What prevents this from happening? Can you say for certain that your broker has not lent somebody else the shares that are in your account?
The point being, does not short sellng create phantom shares which do not exist? For there appear to be no safeguards in place, and nor does the SEC investigate such issues. In other words many now think they are holding shares of Tesla common, when in fact they are not, but are merely receiving papers in the mail saying (falsely) that they have shares in their account.
Consider the invention of tracking stock, which paper was as the paper money found in Parker Brothers' Monopoly board game. Or Bernie Madoff, who was eventually arrested but only after decades of claiming to buy and sell shares for his clients - all he was doing was issuing paper statements. The point being, the SEC, the politicians, police and journalists - by a large amount, do not care about such issues until their own livelihoods are personally threatened. They have no honour or sense of character - no zeal for righteousness, it would seem. Or am I being paranoid?
Tesla closed at 273 today
Always when there is no paper deal there is nothing, if you can change the world without getting money you are a good guy, but I wouldn't do thing for free.