Elon Musk and Tesla
have loads of die-hard supporters. Famed short-seller Jim Chanos is clearly not one among them.
‘I think Elon Musk has crossed the Rubicon in terms of making statements to investors that he might rue later.’
Chanos, who abroad about $2 billion as founding father of Kynikos Associates, has been brief Tesla for 4 years and says it’s been an OK place relative to the broader market. However, he totally plans to revenue as issues worsen on the firm.
Musk “may be misleading investors,” Chanos told CNBC on Thursday. “He said the Roadster will be available in 2020 and Semi [truck] will be entering production next year. I don’t think either of those are going to happen.”
Furthermore, he stated that Tesla’s “stunning” charge of govt departures is additionally an indication of the corporate’s imminent demise.
“The No. 1 sign of impending problems is mass executive departures,” Chanos defined. “This is becoming a torrent at Tesla.”
He predicts that Musk himself will change into a type of to depart, giving up his job as Tesla CEO to show his consideration to SpaceX.
Watch the interview:
At final test, Tesla shares had been up virtually 1%, whereas the Dow Jones Industrial Average
and S&P 500 index
had been each increased.