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The same people with large shorts in Wirecard like Chanos also have large shorts in Tesla. Just saying.
by xoxoy 6y ago
The same people with large shorts in Wirecard like Chanos also have large shorts in Tesla. Just saying.
- simonebrunozzi 6y agoMaybe because these people like to short stuff?
- tracker1 6y agoTesla is probably over-valued, but not every over-valued company fails. Some (amazon, tesla, google) eventually back-fill value into their bubbles. IMHO it really comes down to how solid the business and its' operations are as a whole. As long as they aren't mis-spending any excess capital in horrible ways, they can definitely do well. Of course, I prefer to see more conservative approaches to growth and expenditures but that's nearly impossible with a car company.
- stu2b50 6y agoIf those companies eventually backfilled value, then they weren't overvalued. Investors just, and correctly so, valued growth over immediate revenue. Of course, growth oriented companies fall flat on their face plenty of times, but for your Amazon's and Google's, with hindsight I don't think you can call them overvalued with the information we have now.
- adventured 6y agoChanos, the guy sitting on a bearish call against Tesla in November. The stock is up 200% since then. If Chanos were really betting to match his propaganda, he'd never work again after being destroyed like that.
- xoxoy 6y agoWirecard has been at highs too. That’s the point. If you have high conviction something is wrong then it doesn’t matter that it works the wrong way in the meantime.
- deleted 6y ago[deleted]