Jim Chanos on Tesla: Musk Will Leave

Jim Chanos on Tesla: Musk Will Leave

Jim Chanos on Tesla Inc TSLA future from today – see the video and an informal transcript below

Play Quizzes 4

Get Our Icahn eBook!

Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER

So they are dependent despite what the CEO says they're dependent on the Capital Markets stay open and then make a very big they get a lot of faith in Elon Musk when a lot of this is about the mystique of the one must you think that that's misplacement what's to stop someone from if they are having their struggles can't tap the capital markets come in and say you know what I'm going to buy it just because I want to get my hands on the line. Well I think you'd probably have to ask you must that because he's spending more and more of his time in his other ventures and I think that's one of the concerns is that I think he's actually going to probably move on at some point. His latest compensation package actually specifically says he keeps his compensation if he leaves to another company. The CEO and stays as non-executive chairman. So my suspicion is is he's going to be working on his Mars project sooner rather than later. It's a little bit sexier than making cars. But the problem is the liability is a market cap. This is a 60 70 billion dollar company. This is not just some small I'm going to buy Elon Musk acquisition. You're paying big big money to lose money. And I don't know that that almost any company wants to run that risk.


This Too Value Fund Explains Why Turkey Is Ripe For Investment Right Now

TurkeyThe Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception Read More

So the people that punt their money down a few years ago are hoping to get a car below thirty thousand dollars are now finding a car closer to 60000 dollars just because their financial troubles are serious enough that they could go bankrupt or they lose a billion dollars roughly a quarter in cash. And the actual operating losses some of them are slightly less than that. They've got 20 plus billion in liabilities. And so those are troubled those are troublesome numbers Yeah.

Continues at ValueWalkPremium

Updated on

Jacob Wolinsky is the founder of ValueWalk.com, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at)valuewalk.com - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver
Previous article Those Thieving Bastards (Trade Wars And IP Theft)
Next article What Funds Remain Highly Ranked After February’s Stress Test?

No posts to display