Veritas1980
Electric Viking
I like this part, it makes me more confident in my long term investment in TSLA
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I like this part, it makes me more confident in my long term investment in TSLA
ValueAnalyst
Closed
There is a small chance, I think, that he may announce that he has covered his position. A lot of positives are stacking up for 2Q18/3Q18, and he may have used the recent 25% plunge to cover his position. I'm not saying that this is likely, but no one is talking about this possibility, and I wouldn't be surprised if it materialized.
I was thinking the same thing. He could easily save face if he said he covered at $250 for a profit. If he went long before the show, he would make money on the long side because the stock would undoubtedly go up when the market finds out he covered. It would be a smart way for him to extricate himself from Tesla. Lets see...
ValueAnalyst
Closed
He wouldn't go long Tesla; that would greatly diminish his credibility. I can see, however, him listing three things:
1. "Cult stock, unpredictable"
2. "Model 3 is an awful car, the believers are paying $55,000 for junk"
3. "Plunged 25%, I would have been stupid to not have cashed in on a great short"
Something along those lines...
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He doesn't have to disclose that we went long...right? That would leave his credibility intact.
ValueAnalyst
Closed
Such a thing would most certainly come out. One way or another, it would come out.
My guess is that is a VERY small chance. The situation has not changed materially enough for Chanos to reverse course. His celebrity allows him air time which he will try to use to make it harder for Tesla to raise cash later this year.
Elon will not have issues raising cash once Model 3 is ramping closer to 5k a week despite the chirping from those short the stock.
I think that with Bloomberg showing a trend of 3k per week (and VINS over 17k!)
he would have an hard time playing short with a journalist worth of his/her name...
We Set Out to Crack Tesla's Biggest Mystery: How Many Model 3s It's Making
Upside of bloomberg tracker is that you can't really say BS all the time about Tesla numbers.
he would have an hard time playing short with a journalist worth of his/her name...
We Set Out to Crack Tesla's Biggest Mystery: How Many Model 3s It's Making
Upside of bloomberg tracker is that you can't really say BS all the time about Tesla numbers.
ValueAnalyst
Closed
Chanos is motivated. He is not dumb. He outperformed the market, and he knows the chuchu is coming.
Those who think Chanos' goal is to "make it harder for Tesla to raise cash" may be misreading the incentive map.
davecolene0606
Member
Only reason I doubt Chanos would cover is that the man appears to ego driven by his one time success. Driven very much by believing his own press.
I would venture a guess that his own assets are not what is at risk here and he has less regard for other people's money than his ego.
Fire Away!
I would venture a guess that his own assets are not what is at risk here and he has less regard for other people's money than his ego.
Fire Away!
Jonathan Hewitt
Active Member
It's showing 3K over the coming weeks, not for this week. It's the new "predictive" part of the model.
The hedge fund industry is a scam. Lots of scammers joined this field. Chanos is good at promoting himself. Other than that, he is a dumb guy.
If you look at the recent years, Chanos is fundamentally wrong shorting BABA, CAT, and China. All went up significantly. If he accept failure and quit shorting TSLA, his career is over. I would guess he has been increasing his short position on TSLA.
I expect he would say the same things: management quitting, funny book keeping, large debt, losing money on expensive cars, will lose more on cheaper cars, competition coming... However, this time he will not say Elon will quit in 2 years.
His goal is not to explain why he is shorting. His goal is to convince everyone that Tesla will bankrupt, so TSLA will have a hard time to raise money when they need to.
I for one think it’s the single most valuable upgrade available and I personally have a very positive view and appreciation for EAP. I feel so much better after road trips w family while using EAP.
IMO he'll attack on 3 points :
- Non existent business model : lose money on each cars sold no matter if the ramp goes well or not
- The ramp difficulties put pressure on cashflow. Need more capital.
- CEO is not serious, autopilot is unreliable (death) yet they keep pushing it.
dc_h
Active Member
Tom Randall on the bberg site predicted 3000 in April. It was a forward projection, not the now. He seemed to be addressing the backward looking bias of the process.
For the Sake of Investors, Tesla CEO Elon Musk Needs to Be Quiet on Twitter
For the Sake of Investors, Tesla CEO Elon Musk Needs to Be Quiet on Twitter
While the world gets ready for another grilling of Facebook CEO Mark Zuckerberg from U.S. lawmakers, it's Tesla CEO Elon Musk that needs to get blasted.
Looks like EM tweets is not helping the Shorts spread false propaganda unchecked.
(Just thought headline was funny, i didn't read the rest of garbage)
For the Sake of Investors, Tesla CEO Elon Musk Needs to Be Quiet on Twitter
While the world gets ready for another grilling of Facebook CEO Mark Zuckerberg from U.S. lawmakers, it's Tesla CEO Elon Musk that needs to get blasted.
Looks like EM tweets is not helping the Shorts spread false propaganda unchecked.
(Just thought headline was funny, i didn't read the rest of garbage)
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