Submitted by kimkoh t3_10pjll6 in wallstreetbets
Comments
VisualMod t1_j6ksp47 wrote
Tesla is overvalued and its profits will peak soon as competition in the electric vehicle market increases. That's according to Jim Chanos, founder of Kynikos Associates LP, who said Monday he's still shorting Tesla Inc. (TSLA) - Get Report . "We think the competitive environment is only going to get worse for them," Chanos told CNBC's Scott Wapner on "Halftime Report." He added that other companies such as General Motors Co. (GM) - Get Report are making big bets in EVs and autonomous driving technologies.
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RichEgoli t1_j6kt4jf wrote
I don't know how many shorters who have been burnt or squeezed since listed. The analysis and fundamentals might support you, but Tesla has been bad for short traders.
kimkoh OP t1_j6kthvo wrote
His short positions got threatened by the recent upside, so need to make a comment to recover.
Toiletboy4 t1_j6ktpwu wrote
Love chanos
tdogtags t1_j6ku3lp wrote
What other car companies should I invest in?
SateliteDicPic t1_j6kwvws wrote
Yeah because a price war is so bullish. Chanos is still way up on his short.
mecausasui t1_j6kwxum wrote
all of them. they're all making ev's now. vw and ford seem to have interesting positions in the market
TarkovReddit0r t1_j6kxvft wrote
I get it the economy is up for a correction and we have shitty macros
Still better options to short than Tesla
Unknownirish t1_j6kyfhi wrote
Start a poll and ask WSB degenerates are you a bear or are you a bull already lmao
lfaexs t1_j6l3ydl wrote
LOLLLL They never learn. Idiot is short amc and tesla 44%
kimkoh OP t1_j6ldftd wrote
Wonder what’s the pain point to force the shorts to cover? $185 or $220
kimkoh OP t1_j6ldims wrote
They are just trying earn some bucks.
kimkoh OP t1_j6ldyej wrote
The negatives against TSLA was cleared. Poor sales, short delivery lead time, production issues gone with price cuts. Now is to sit back and watch. Shorts will have a harder time now.
[deleted] t1_j6lot2a wrote
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[deleted] t1_j6love4 wrote
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AmplitudeTrader t1_j6maa6o wrote
I think a lot of the price action on Tesla yesterday was due to short sellers.
ChampionshipLow8541 t1_j6meu8f wrote
What makes you think it’s one specific point?
stockrot t1_j6mhy9s wrote
Simple you shorted at $300 like Chanos you made money ,you shorted at 110 like some degenerates here you got crushed. CC last week @ 185 had spectacular premiums .
stockrot t1_j6mkudt wrote
Profit takers too helped the price action . That was a huge run from 115 to 175ish in a matter of a couple of weeks . I wouldn't touch shorting TSLA here with a 10 foot pole. Chanos has been in the position for years and suffered a lot a pain on the way up to $400 .I give him credit he hung with it . Nobody talks about the wild card . All the Musk haters too busy bashing him . What happens ????? Musk wakes up tomorrow and announces he is Taking Twitter public?? That's his plan you know . TSLA goes directly to $300 . As far as Chanos is concerned YES HE IS SHORT ,but he is a smart guy . He most probably exited his position at 110/120 . Then watched the run up and figured that was too far too fast and re entered. I agree the big move up was too quick and there will be Retracement.
stockrot t1_j6mmf68 wrote
Depends on where shorted it and how you shorted it .
stockrot t1_j6mmlx7 wrote
F Ford very cheap here ,you need patience .
AmplitudeTrader t1_j6ms75w wrote
If it does crappy this morning might throw another 8k in.
Icy-Subject-6118 t1_j6n1brp wrote
I think you’re being sarcastic but it’s hard to tell. They cut the price because they don’t have the amount of orders to sustain their future. Soon they’ll be just a shitty car manufacturer without anyone really buying.
kimkoh OP t1_j6n6uln wrote
What I don’t like is he took short positions and then come out to influence as he has followers. So he’s not different from Mask.
kimkoh OP t1_j6n7or1 wrote
Doesn’t matter if Tesla is shitty or Chanos is good guy and Mask is bad. All I want is if they going to make announcements, please let me know ahead. Thank you.
kimkoh OP t1_j6naup4 wrote
kimkoh OP t1_j6nazwx wrote
None. I’m not sure. Guessing what will cause the pain to start and snowball the short covering.
hspaan t1_j6ng0cq wrote
Unknownirish t1_j6ng8xv wrote
for the mods!
stockrot t1_j6ngbc4 wrote
OP Don't worry about him CHANOS track record sucks. He has lost more money than he has ever made . TSLA has tortured him and drained money from him for years .He has a big reputation as a BIG short seller .What they don't tell you he hasn't beat the S&P500 or even come close for more than a decade . He should get a big L tattoo on his forehead :) Looks like TSLA is going to take him to the cleaners again!! LOL
ChampionshipLow8541 t1_j6no5jd wrote
It’s a continuum, just like people’s buy-in prices. And it depends on how much ability you have to wait it out (and they have A LOT). The only thing that would cause a panic imho is if the whole market started a strong and sustained recovery, and they‘d feel that Tesla would be washed up with it, even if the performance started to deteriorate. And it will deteriorate. But if the weak market continues for one or two more quarters, bad news about Tesla will eventually come out and there will be no general momentum to stop the drop.
VisualMod t1_j6ksoeu wrote
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