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-0.000185275639622061 -0.000353708039278497 0.00385710195213145 0.00385710195213145 0.00385710195213145 0.00385710195213145 0.00385710195213145 0.00385710195213145
Stock impact report

Jim Chanos Says Tesla Should Trade Like a Carmaker, Not Tech Company [Yahoo! Finance News]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Jim Chanos Says Tesla Should Trade Like a Carmaker, Not CompanyBloomberg) -- Short seller Jim Chanos predicted Tesla Inc. will lose money again this year and believes investors will eventually trade the stock more like a carmaker than a tech company.“It has to lay people off like a car company, not like a Silicon Valley software company,” Chanos, the president of Kynikos Associates, said of Tesla on Bloomberg Television. “It has manufacturing plants like a car company. It’s got a lot of debt like a car company. So investors can try, can convince themselves all they want, that this is a software company or this is some leading-edge technology company. Sadly, the numbers belie that.”Read more on Chanos being ‘outraged’ private equity giants want aidChanos has been publicly short Tesla for several years. When the electric-car maker was in the process of merging with SolarCity Corp. in September 2016, he said the combined company would be a “walking insolvency.” As Chief Executive Office Show less Read more
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