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In this video we go over short seller Jim Chanos's multi year short position on tesla that has lost him billions of dollars.
#WallStreetMillenial #TSLA
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––––––––––––––––––––––––––––––
In this video we go over short seller Jim Chanos's multi year short position on tesla that has lost him billions of dollars.
#WallStreetMillenial #TSLA
Music courtesy of:
––––––––––––––––––––––––––––––
Tropical Dream by Spiring https://soundcloud.com/user-57630131
Creative Commons — Attribution 3.0 Unported — CC BY 3.0
Free Download / Stream: https://bit.ly/-tropical-dream
Music promoted by Audio Library https://youtu.be/rDlvmPaitME
––––––––––––––––––––––––––––––
He got the china real estate call right. Just 2 years too early lol
He could have shorted evergrande. He wasnt completely wrong on the big picture
with hindsight, he may have just been too early
This did not age well.
The problem about this guy is he publicized where his short position is.
He is right about China real estate. He was too early!!
Wait, but doesn't the fact Evergrand failed justify Chanos' position, even if it was a bit early?
Tesla is the biggest dog in the automotive industry. High prices, low quality, and the legacy auto makers are making more EV's than Tesla!
This didn’t age well
I think his initial analysis of Tesla is fundamentally correct, looking back in time it did seem like the other car manufacturers would destroy Tesla by launching their own EVs
Tesla IS hugely overvalued. There's no two ways about it. But shorting is a risky game because you never know when the market will come to its senses
This aged like fine wine
The dude that was trying to short the Chinese housing market was actually correct. However, he probably was operating under a United States or Western market assumption. And that, is where he made his mistake. Because the Chinese government is so corrupt and controlling of everything in that nation it was able to manipulate the markets far longer than would be possible in an actually free-ish country. So, even though he was right he was miss timing things, so, yeah.
The China shade towards this man didn't age well at all..
he literally was right about china tho….
Seeing this on December 31st, 2022 after Elon Musk became the first person to lose 200 billion dollars.
Another great WallStreetMillenial Fail!
Chanos right about Tesla in late 2022
Chanos lost his powers when he shaved his mustache.
He’s not wrong that Tesla is extremely overpriced
He was right about China’s real estate bubble
I feel like he wasn’t wrong about the Chinese construction bubble, but it looks what he doesn’t understand in both that case and Tesla, that pure valuation based on market fundamentals is a faulty premise to view the market. The market actually is more similar to a war, sometimes an army is overmatched or under supplied and crumbles, sometimes the moral of a well equipped and large army crumbles, sometimes your short is squeezed by clever sneaky tactic and sometimes the underdog toughs out the rough times to pull a win. You really can’t metagame it down to fundamentals, you will end up missing factors that are unique to its position and end up making the wrong call.
Short sellers have made a killing off the con man now🤣🤣🤣🤡
Chanos was right, but his timing was seriously off.
Did Tesla stock go up because they're going to maintain dominance over ICE carbuilders in the EV space? Or because Tesla is enjoying more "green" subsidies than ever?
I retired at 36 from shorting Chinese stocks that are directly controlled by their brutal authoritarian regime, such as METX.
he is right about China now – the thing I learn about shorting is that you may be right but you really NEED to get the timing right
Big 5 Sporting Goods Corporation (BGFV) & Citi Trends = potential short squeeze on these value stocks????
Well, he was right about China real state. Evergrande
He is not the only idiot who short sell tesla stock
That is why you should not listen to free advise as an investor. These wall street "short" wizards should be investors should have learned that early on as many salesmen tend to veer from facts by their as can be seen in the outcomes of this wrong advise later turning into "convenient excuses" when things go south for the investors not much for them financial advisors.
He was right about evergrande at least. Wonder if he held his short till then.
Turns out he was right about the Chinese property bubble
Yeah… That's we call "would rather be right than make money" ego lol
Unfortunately, being right and early is often just as bad as being wrong.
He got lucky and discovered the Enron scam right as it was about to fail, instead of in the early 90’s. Because he wouldn’t have survived the decade-long, 750% increase before the crash
Jim Chanos was not wrong about China construction bubble.