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He thinks it's zero because Tesla is overleveraged and the equity will be wiped out in the event of a default.
by IBM 9y ago
He thinks it's zero because Tesla is overleveraged and the equity will be wiped out in the event of a default.
- mikestew 9y agoYeah, I just clicked a linked story where he gives a more reasoned explanation. Having read that, I’m not saying he’s wrong, but the market is sure as hell saying he is. And we know what they say about markets and irrationality. He’s obviously got a stronger stomach and more money to piss away than I do. (Chanos is short TSLA, and keeps adding to that position, as recently as a month ago.)