I got talked out of buying chinese stuff by some asian friends who said they'd seen them building just for the sake of building there. Somehow even with all Chinas people there are houses and malls that are just empty they said.
@@WallhackYT Yep! And since they've been public they got caught pretending there badger truck prototype works but in reality it was actuality just rolling down a hill. Their CEO Trevor Milton had to resign and he sold all his shares in the stock. There's stock took a nose dive. All of there partners canceled their relationships with them.
@@theultimatenewplayer9341 correction: the Badger was a rendering which for which the only Nikola designed part was going to be the badge, with the entire car designed and manufactured by GM. Their only product; the electric semi, was what got caught rolling down the hill.
It isn't going to pop. Almost all businesses are government-owned. The only they fail is if the government fails. Which is why you will see one just take it on the chin from time to time. Because they know they are playing with house money.
Chanos was almost right. Tesla almost went bankrupt during the model 3 production ramp two years ago. That's the problem with shorting though. The odds are against you. You can only make a max of 100% but the sky is the limit on what you can lose
@z28net yeah the s and p 500 goes up but not all stocks go up. It’s really easy to find a crappy company to short if you know how to read financial statements.
Because Elon Musk doesn't own Mars? He's no Jesus either. And that's coming from someone who knows Jesus ain't coming back. It's just a bad idea to short some massively popular thing. Watch some thunderf00t's videos on the hyperloop to see what's wrong with Elon Musk.
@@medexamtoolscom thunderfoot is a jerk who just hates elon, apart from hyperloop everything else is good about Elon, thunderfoot is a idiot who just hates elon and used hyperloop and bfr as a example which aren't elon's main goals
@@medexamtoolscom I thought you where going to be like the rT's who watch our Lord and savior thunderfoot and think that makes them experts. But I see your an actual intellectual
@@medexamtoolscom Swoosh, People like you are too slow for innovation that's why Short Sellers deserve their loss, Plus Elon has a goal that would affect Humanity in a good way, Sparking for the new Space Age when we Humanity has started going out to space and learn more and innovate more.
@@vlackrock yalls sound like someone who comes up with a good idea, tells everyone they're gonna make a million dollars off it, then don't do shit with the idea, and then when someone else actually uses the idea, goes through the process of making it work and making it real, you scream "That's MY IDEA! GIMME MONEY!"
It's kind of funny because it is overpriced based on its current stock value but the actual value of the company is also rising at an exponential rate it's just that the stock is rising faster than the company. So even if the stock crashes it will just immediately recovering as soon as it collides with the intrinsically exponentially rising value of the company.
@@MaxBrix he knew he was wrong, i think he was trying to pull some trick o behalf of the ICE companies to kill tesla because they how much of a threat it is but the investors saw the bullshit and bought instead of shorting, well at least the rich ones did xdxdxd
Wall Street Millennial The thing is that he was almost right, but for a totally different reason- they were gaming their accounting too hard. Tesla almost ran out of capital and went under in late 2018, but they didn’t and the rest is history.
@@wallstreetmillennial you kids are disrespecting one of the best investors of all time. He is one of the few investors that are still around shorting for 30 + years. He is right both about Tesla and China, low interest rates are making everything go up. It’s crazy, one day it will stop and then we will have a “great time”. Also you know Jim was right about Wildcard and shorted that? He was also right about solar company of Elon. Tesla had to buy it because it was going bankrupt
The problem with these old rich boys is that they think they know everything. Times change. Ask almost any millenial and ask what care they would like to have and I'm certain a good percentage of them will say a Tesla. That's your future market... Keep ignoring them.
To be fair, this dude was trying to look at the market rationally, I don't think anyone would argue TSLA or Chinese construction/real estate is not a bubble. The old guard simply was slow to understand that market is now more like a sports gamble with Bitcoin, Robinhood and money printing on a scale already 20 times higher than in 08/09. P.S. I was thinking of buying a Model 3 or Model Y after cashing out my TSLA stock last week (I wanted a Tesla ever since I saw a Model 3 review from Doug Demuro), but the quality of those cars is plain horrible, I'm now getting a Ford Mach-E instead...
Give it another year or 2 when their production levels out. It's basically impossible to grow that fast without some kind of quality issues. And I sure as shit wouldnt go buying a car in the first year of a new model, you are just begging for quality issues by doing that
that dude has a vested interest on shorting the company he is badmouthing. if you can understand that he is biased af then you will understand why his argument is invalid even if proven true in the long run.
@@nickt2822 bro, not everyone is out to get Elon or Tesla. Just look at the customer service issues faced by Tesla owners. It's way worse than any legacy brand. Tesla has to at least match legacy automakers if they want to keep customers long term.
It’s funny because nobody gives a flying f about ford’s CEO or any of the other ‘mainstream’ companies, but if we go buy a Tesla it’s like we’re buying a car from Elon, which makes it all the more worth it
It is not. Wait for the earnings call jan-27. Earnings will be about $2.1 per share bringing the P/E which looking like 1.8k rn to ~ 400. This year giga Berlin comes online, giga Shanghai is scaling and giga Texas will also come online. Thus safe to say sales will be at least 1.5 million cars so earnings should triple, however do not forget that the new production process being employed at giga Shanghai and to be applied in Berlin has allowed Tesla to achieve a 31% margin --> so earnings will quadruple bringing the P/E at the end of 2021 to ~ 100. Off this is all assuming price will remain constant. Moral of the story - if u value this company on a 5 to 10 years horizon, it is not very expensive but is definitely approaching fair value
@@kbisht3680 Tesla's current valuation is bigger than that of the next 10 largest automanufacturers combined. Yet it comes nowhere close in terms of sales or profitability. This leads one to conclude that investors are assuming Tesla will not only have a near monopoly on the car industry in the future, it will also replace Uber and compete with insurers using self driving car data. It is very hard to say with certainty if Tesla will be able to do all of those things. Tesla fanboys think Tesla is the only comepetent company and that other corporations are just lazy and dont strive to innovate. The reality is way different. Tesla is a tulip right now and it certainly will exist and be profitable but it is totally inappropriate to assume it will dominate several industries as of right now, which it would have to do in order to justify the current market capitalization.
@@jamesshkrelivanhoogstraten8040 you have many fair points and you yourself have stated the future. I have myself worked as a lead engineer st Daimler and then at Volkswagen, now retired. From experience they are no where near as innovative as tesla and I would like to remind you that Tesla's vehicle sales are growing at a rate that is 3x faster than any other automaker in history even though their cars are (in all non US markets) significantly more expensive. From what I have heard and experienced, Tesla's FSD platform is using an industry leading CNN model and will be the first to achieve level 5 autonomy.
@@jamesshkrelivanhoogstraten8040 Tesla is not a car company. Tesla is a technology company. Tesla's plan is to sell autopilot and apps as software as a service for their cars. People's cars will become as personalized as their phones. Tesla's biggest competitor in this space is Apple, but they won't be building a car until 2025 at least.
Its sad that i just learned about this today, with this money i could send my sick father to the best hospital and pay off the mother's home loan. Its sucks to be poor and late. *going to work for the minimum wage*
I missed it too but im joining late not only because its a good movement bringing corruption out in the open. But also because it might go higher than 300. AMC might also increase past 12 dollars as far as 100 or more.
@@thinlineofsanity1035 Had it been on the news the HFs would have pulled out before a squeeze could occur. So secrecy was probably needed to get the jump on them.
WallStreetMillenial - 3:01 "He turned out to be completely wrong ... Chinese real estate prices continue to rise ... this was one of Chanos' first mistakes" 😂 2021 ... Evergrande, Kaisa 👀
Chanos made gobs of cash this year shorting Luckin, Wirecard and others. "The only thing that saved him is sound portfolio management" but you keep YOLOing, kids.
He's not wrong, he's just too early. Tesla has lots of issues and you can't "Ok Boomer" this when the NHTSA has come and said "There is no vehicle currently available for sale that is “self-driving.” Every vehicle currently for sale in the United States requires the full attention of the driver at all times for safe operation." Which was born out the fact that the technology isn't there, so that begs the question what else isn't there?
@@jessejennings3828 communism is parasite on working economies, they can suckle on for a long time, but at some point there won't be anyone to suckle from if they keep on growing.
Imagine being a short professional and not actually studying the businesses he is trying to short or even updating his information on their competitors.
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
For all the trolls in the comments section saying Chanos is a broke bum: "Kynikos Capital Partners fund's long/short equity strategy, according to the FT, has delivered a 22% gain a year, on average, over the past 35 years to double the return on the S&P 500"
Chinese real estate is in a bubble, just look at the rents/returns, but you cant predict a crash when the government is willing to manipulate the market with incentives, money printing, rule modifications, etc
Chanos always expressed concerns related to Tesla’s valuation and profitability. It was never a fraud argument. He is mostly right. The game is not over yet. I think he will be right at the end of the day. Let’s wait and see !
Comparing a Nissan Leaf that was launched in 2010 (!!!) to a Tesla Model 3 that was launched more than 7 years later and costs considerably more is honestly a terrible example for legacy automakers lacking behind Tesla.
@@levelazn all with fake numbers produced by a fake economy enabled by a fake currency. What is RMBs share of global payments now? 1.74% Your economy is fake.
Anybody else suspect Jim Chanos of being backed and funded by the fossil fuel industry in a failed attempt to stop the adoption of EV, solar and renewable energy?
To be fair about the Chinese real estate. Chanos wasn't exactly wrong that China was inflating the market, he was just wrong that it would collapse like a capitalist market. He underestimated the power of China to flip the dept onto thier insanely over-populated and under-paid working class. There are literal small cities of apartments built in the last 2 decades that have never seen a single resident. To this day, China has more abandoned real estate development acreage than middle class lived in housing. He was absolutely right about what was going on in China, he simply was wrong about what was going to happen.
Thank you Jim! I invested in TSLA after hearing Chinos list Tesla's strong points as weakness in 2019, and now have enough to buy two tri-motor Cybertrucks with FSD and a model Y performance after covering my initial investment 100%.
Craziest part about this is that his first major mistake, or the fact that china's in a real estate/construction bubble, couldn't have been more correct bro was just too early
@@chris0000924 like it did in March? 😅spoken like a true tsla Short seller. And that’s what stop losses are for. TSLA could tank and this dude won’t even break even on his short
It’s a growth stock, not a value stock because it really is not justified right now at this price. There are competitors. Anyway, with retail investing so easily accessible you’d have to be crazy to short TSLA.
One thing he forgot to mention is that Tesla's P/E ratio is 1500+ when a common (normal) P/E ratio for a popular growing company is between 30 and 95. A lot of investor will loose a lot of money once the bubble pops.
The Chinese short position is a prime example of the saying "The market can remain irrational longer than you can remain solvent."
bad timing, but nice prediction
Exactly!
is also not the first time, there's some guy in Hong Kong who predicted the same thing with Evergrande
I got talked out of buying chinese stuff by some asian friends who said they'd seen them building just for the sake of building there. Somehow even with all Chinas people there are houses and malls that are just empty they said.
@@fieldy409 they are
He was so hyper focused on his short of Tesla that he overlooked Nikola and Nikola was 100% what they thought that Tesla was.
100% Facts 👌🏽
but didn't nikola just go public this year?
@@WallhackYT Yep! And since they've been public they got caught pretending there badger truck prototype works but in reality it was actuality just rolling down a hill. Their CEO Trevor Milton had to resign and he sold all his shares in the stock. There's stock took a nose dive. All of there partners canceled their relationships with them.
@@theultimatenewplayer9341 correction: the Badger was a rendering which for which the only Nikola designed part was going to be the badge, with the entire car designed and manufactured by GM. Their only product; the electric semi, was what got caught rolling down the hill.
@sgfhk321 it's only half his name at least.. Surname still safe
Every time this dude came out with his outlandish claims about tesla I bought more shares and now Tesla made me $50k in profits. So thank you Jim!
lol, at least hes useful for something, contrarian buy signal whenever chanos announces a short
I’m tad bit curious, doyou scalp only automotive assets?
@@kathyflick2930 that's not a scalper's profit.
They're not profits until you cash out.
Tesla will pop. Prove me wrong!
Forbes - "There is no Chinese real estate bubble"
Evergrande, 2021
Spot on but just wrong timing.
Hahaha. Yeah I'm watching in December and came to the comments to see if anyone had already pointed out that Chanos was ultimately correct on China.
As 2023 turns to 2024 the prediction only looks better and better.
Chanos was also right about China's real estate development.
Exactly, but remember. The market can remain irrational longer than you can remain solvent.
Well he's not wrong about China's real estate market in a bubble. But timing when it pops is easier said than done.
He is the short selling version of Peter Schiff. Right on fundamentals but wrong on timing.
@@paulerdosdaughter except Peter just holds assets with good fundementals instead of trying to time the crash.
Same with tesla
Yeah, he's right with Tesla too, but his timing is way off.
It isn't going to pop. Almost all businesses are government-owned. The only they fail is if the government fails. Which is why you will see one just take it on the chin from time to time. Because they know they are playing with house money.
GREATEST SHORT SELLING FAIL IN HISTORY
Hedge funds seeing GameStop: Hold my beer
looooooooool
TO THE MOON BOIS
To the MOON!
United Copper Company short, 1907
TO THE MOON! APES!
He totally shorted GameStop too, LOL.
Chanos was almost right. Tesla almost went bankrupt during the model 3 production ramp two years ago. That's the problem with shorting though. The odds are against you. You can only make a max of 100% but the sky is the limit on what you can lose
So true. In addition, the stock market in general is always upwards sloping over time.
@z28net yeah the s and p 500 goes up but not all stocks go up. It’s really easy to find a crappy company to short if you know how to read financial statements.
yup, VW is classic example. Look at AMRS. I think shorts have won largely over the years but lately are too greedy.
Long positions can depreciate by no more than 100%, while loses on shorts are (theoretically) unlimited.
This is why I always say you should never short a company that isn’t in your area of expertise. If you miss one small thing you will lose it all.
I think this just goes to show even the professionals rarely get it right on a consistent basis. No matter who you are, risky strategies are risky.
It goes to show that "professionals" are mostly a bunch of clowns
@@pdorism I think you meant to say crooks
I meant what I said. Professionals as in people who trade OPM.
He is right about China real estate. He was too early!!
I think GME just broke all records and is now the greatest
So far.. bigger things to come I hear 🤣🤣
@samantha gray we are talking about squuzin the shorts buddy not about which asset does best
@@knowyourhistory647 yes we know musk makes money manipulating stocks, tesla too.
imagine being so greedy that you short 140% of a company lmao, now poor people are buying GME and getting rich too
@@iskamag shorts are greedy criminals hurting suffering businesses and it's employees...they should pay a price
Why would you bet against Mars Jesus
Check. Isr isoray
Because Elon Musk doesn't own Mars? He's no Jesus either. And that's coming from someone who knows Jesus ain't coming back. It's just a bad idea to short some massively popular thing. Watch some thunderf00t's videos on the hyperloop to see what's wrong with Elon Musk.
@@medexamtoolscom thunderfoot is a jerk who just hates elon, apart from hyperloop everything else is good about Elon, thunderfoot is a idiot who just hates elon and used hyperloop and bfr as a example which aren't elon's main goals
@@medexamtoolscom I thought you where going to be like the rT's who watch our Lord and savior thunderfoot and think that makes them experts. But I see your an actual intellectual
@@medexamtoolscom Swoosh, People like you are too slow for innovation that's why Short Sellers deserve their loss, Plus Elon has a goal that would affect Humanity in a good way, Sparking for the new Space Age when we Humanity has started going out to space and learn more and innovate more.
Papa Elon deserves all the tendies
Papi Elon making all of our dreams come true
Tesla was tough to predict on its max potential. Now it’s beyond predictable maximum
When the CEO is willing to bust his ass, and sleep at work instead of just going home, to get shit done, you HAVE to give respect.
End of story.
@@vlackrock yalls sound like someone who comes up with a good idea, tells everyone they're gonna make a million dollars off it, then don't do shit with the idea, and then when someone else actually uses the idea, goes through the process of making it work and making it real, you scream "That's MY IDEA! GIMME MONEY!"
@@vlackrock It impressed Richard Branson so much he invested millions into the project.
"Is an overpriced CAR company". Well, yes, but actually, no.
It's kind of funny because it is overpriced based on its current stock value but the actual value of the company is also rising at an exponential rate it's just that the stock is rising faster than the company. So even if the stock crashes it will just immediately recovering as soon as it collides with the intrinsically exponentially rising value of the company.
He forgot one thing ... people don’t care if it’s overpriced.
... with a charging network
It is propped up by the government. It always has been since the 2008 crash.
@@sinamos3945 plus Nancy got 1 million shares before Biden said he was going to make all government cars electric
Can’t believe he missed NIkola. Jimmy was too stubborn to look at real frauds as he wanted to win instead of accepting legitimacy
I am worried about hedge fund managers. They think the market is a casino. They don't understand they could loose all their savings.
They should probably leave investing to people that don't don't do risky speculative trades.
I don't worry about them, let them lose it all
@@MaxBrix he knew he was wrong, i think he was trying to pull some trick o behalf of the ICE companies to kill tesla because they how much of a threat it is but the investors saw the bullshit and bought instead of shorting, well at least the rich ones did xdxdxd
You mean loose all our savings.
This channel is beginning to be one of my favourites. Thanks for creating. /Peace from Copenhagen.
When is the Melvin Capital GME part 2 coming?
Your channel is soooo underrated mate! I salute you for being with the people! 🙏🙏
it's easy to trash this guy but you didn't touch on the fact that Tesla was teetering on the edge of collapse for a while. Musk even said as much
I lost 6.5k officially today. Should've never found out about options.
Yes it's risky business. Especially if you put too much into one position and set the timer too low.
GME?
was it a yolo?
Why you spend so much? Keep it small and get more time lol
tough day in the market. Hopefully that was not a large part of your portfolio! Take care
This dude the biggest boomer lmao
lol. if u look up boomer in the dictionary u will see jim chanos's face
Wall Street Millennial
The thing is that he was almost right, but for a totally different reason- they were gaming their accounting too hard. Tesla almost ran out of capital and went under in late 2018, but they didn’t and the rest is history.
@@wallstreetmillennial you kids are disrespecting one of the best investors of all time. He is one of the few investors that are still around shorting for 30 + years. He is right both about Tesla and China, low interest rates are making everything go up. It’s crazy, one day it will stop and then we will have a “great time”.
Also you know Jim was right about Wildcard and shorted that? He was also right about solar company of Elon. Tesla had to buy it because it was going bankrupt
@@AnemosFPV Yep, he's just early. China's real estate bubble will collapse, and Tesla's overvaluation will also cease to be. We just don't know when.
@@AnemosFPV the owner of that solar company is a friend of mine who sold to elon and you are wrong
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
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
The problem with these old rich boys is that they think they know everything. Times change. Ask almost any millenial and ask what care they would like to have and I'm certain a good percentage of them will say a Tesla. That's your future market... Keep ignoring them.
Your absolutely correct
Amen! Time shave changed and Elon is the future.
Elon is government funded.
elon is part of the rich elite now he doesn't care about poor people
@@excelsior9309 lies. Papa Elon would never. He promised me a Tesla
I really love the popcorn at AMC theatres
I am here after the Evergrande thing. His bubble might have finally seemed to pop
Video: Biggest Short Sale fail in History.
Gamestop: Hold my copies of Fallout 76
To be fair, this dude was trying to look at the market rationally, I don't think anyone would argue TSLA or Chinese construction/real estate is not a bubble.
The old guard simply was slow to understand that market is now more like a sports gamble with Bitcoin, Robinhood and money printing on a scale already 20 times higher than in 08/09.
P.S. I was thinking of buying a Model 3 or Model Y after cashing out my TSLA stock last week (I wanted a Tesla ever since I saw a Model 3 review from Doug Demuro), but the quality of those cars is plain horrible, I'm now getting a Ford Mach-E instead...
Give it another year or 2 when their production levels out. It's basically impossible to grow that fast without some kind of quality issues.
And I sure as shit wouldnt go buying a car in the first year of a new model, you are just begging for quality issues by doing that
that dude has a vested interest on shorting the company he is badmouthing. if you can understand that he is biased af then you will understand why his argument is invalid even if proven true in the long run.
@@nickt2822 still, I'm glad I sold my TSLA
@@nickt2822 bro, not everyone is out to get Elon or Tesla. Just look at the customer service issues faced by Tesla owners. It's way worse than any legacy brand. Tesla has to at least match legacy automakers if they want to keep customers long term.
Great work man. Your Gamestop video is gonna be looooong. The squeeze is speculated to be insane.
I wanna see that video. Do you have link?. please
you predictin the future or somethin?
Holding the line with 1900 shares 🚀💎🤲
im blinded by these diamond hands
Now with the Evergrande news in China does it mean he was correct
Right about China, just a decade early
Jim: I have the biggest shorting fail in history!
Melvin: Hold my beer.
Citadel: Hold my naked shorts
The moment he said the word "sexy", I knew he was done.
The problem about this guy is he publicized where his short position is.
It’s funny because nobody gives a flying f about ford’s CEO or any of the other ‘mainstream’ companies, but if we go buy a Tesla it’s like we’re buying a car from Elon, which makes it all the more worth it
I'd buy a Tesla even even if there were other EV's available that are better on paper, just because it's Tesla
@@wallstreetmillennial that’s kinda stupid
@@User-nu6km nah, trust the musk
@@User-nu6km respect the tendie master
"The market can remain irrational longer than you can remain solvent".
Chanos was right, but his timing was seriously off.
Another great WallStreetMillenial Fail!
Chanos right about Tesla in late 2022
To be fair, Tesla is massively overvalued right now
It is not. Wait for the earnings call jan-27. Earnings will be about $2.1 per share bringing the P/E which looking like 1.8k rn to ~ 400. This year giga Berlin comes online, giga Shanghai is scaling and giga Texas will also come online. Thus safe to say sales will be at least 1.5 million cars so earnings should triple, however do not forget that the new production process being employed at giga Shanghai and to be applied in Berlin has allowed Tesla to achieve a 31% margin --> so earnings will quadruple bringing the P/E at the end of 2021 to ~ 100. Off this is all assuming price will remain constant.
Moral of the story - if u value this company on a 5 to 10 years horizon, it is not very expensive but is definitely approaching fair value
@@kbisht3680 Tesla's current valuation is bigger than that of the next 10 largest automanufacturers combined. Yet it comes nowhere close in terms of sales or profitability. This leads one to conclude that investors are assuming Tesla will not only have a near monopoly on the car industry in the future, it will also replace Uber and compete with insurers using self driving car data. It is very hard to say with certainty if Tesla will be able to do all of those things. Tesla fanboys think Tesla is the only comepetent company and that other corporations are just lazy and dont strive to innovate. The reality is way different. Tesla is a tulip right now and it certainly will exist and be profitable but it is totally inappropriate to assume it will dominate several industries as of right now, which it would have to do in order to justify the current market capitalization.
We all now it, we just don't give a sh*t. Papa Elon always deliveres.
@@jamesshkrelivanhoogstraten8040 you have many fair points and you yourself have stated the future. I have myself worked as a lead engineer st Daimler and then at Volkswagen, now retired. From experience they are no where near as innovative as tesla and I would like to remind you that Tesla's vehicle sales are growing at a rate that is 3x faster than any other automaker in history even though their cars are (in all non US markets) significantly more expensive. From what I have heard and experienced, Tesla's FSD platform is using an industry leading CNN model and will be the first to achieve level 5 autonomy.
@@jamesshkrelivanhoogstraten8040 Tesla is not a car company. Tesla is a technology company.
Tesla's plan is to sell autopilot and apps as software as a service for their cars. People's cars will become as personalized as their phones.
Tesla's biggest competitor in this space is Apple, but they won't be building a car until 2025 at least.
Its sad that i just learned about this today, with this money i could send my sick father to the best hospital and pay off the mother's home loan. Its sucks to be poor and late. *going to work for the minimum wage*
I know 😥 Why wasn't this all over the news 2 weeks ago that way i could've bought some and made money!!
I missed it too but im joining late not only because its a good movement bringing corruption out in the open. But also because it might go higher than 300. AMC might also increase past 12 dollars as far as 100 or more.
There are always more opportunities in the market
why? because its a bet, never use more money than you're willing to lose on the stock market
@@thinlineofsanity1035 Had it been on the news the HFs would have pulled out before a squeeze could occur. So secrecy was probably needed to get the jump on them.
WallStreetMillenial - 3:01 "He turned out to be completely wrong ... Chinese real estate prices continue to rise ... this was one of Chanos' first mistakes" 😂
2021 ... Evergrande, Kaisa 👀
He’s not wrong that Tesla is extremely overpriced
Chanos made gobs of cash this year shorting Luckin, Wirecard and others.
"The only thing that saved him is sound portfolio management" but you keep YOLOing, kids.
I mean he was right about the Chinese real estate market eventually going bad, just happened a decade later
Shorted Tesla for 5 years...?😳
I would say that makes him “short”sighted. When all you pay attention to is price you see the value in nothing.
This aged like fine wine
He was right about China
Turns out he was right on China just 5/6 years to early
with hindsight, he may have just been too early
The China shade towards this man didn't age well at all..
He is right about the Chinese construction bubble. But when the govt controls so much of the economy, it can remain a bubble much longer
He's not wrong, he's just too early. Tesla has lots of issues and you can't "Ok Boomer" this when the NHTSA has come and said "There is no vehicle currently available for sale that is “self-driving.” Every vehicle currently for sale in the United States requires the full attention of the driver at all times for safe operation." Which was born out the fact that the technology isn't there, so that begs the question what else isn't there?
He got the china real estate call right. Just 2 years too early lol
He's not wrong about China. Its the definition of a bubble. Its just growing bigger.... When it pops its going to be so much worse.
Yeah I agree with you on that one I watched a documentary about the ghost cities Of China
Not with Biden allowing them suckle at our teets.
@@jessejennings3828 communism is parasite on working economies, they can suckle on for a long time, but at some point there won't be anyone to suckle from if they keep on growing.
@@Ussurin Lol, China is a communist country? Are you a boomer?
@@bahamut149 do you even live in the same planet as the rest human being
Imagine being a short professional and not actually studying the businesses he is trying to short or even updating his information on their competitors.
When you're betting OPM's, it doesnt matter, because like Duke & Duke, Chanos always gets his commissions.
"The big boys are coming..."
Mr. Chanos, let me break it down for you: Tesla IS the big boy.
Elon should send him some short shorts
😂😂😂
A box full
It's overpriced as hell so what? People are buying iPhones and you can get a better phone for much less, it won't make Apple to lower the price.
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
For all the trolls in the comments section saying Chanos is a broke bum: "Kynikos Capital Partners fund's long/short equity strategy, according to the FT, has delivered a 22% gain a year, on average, over the past 35 years to double the return on the S&P 500"
Yeah, but how about the last 5 years? You're including Enron. Old news.
Chinese real estate is in a bubble, just look at the rents/returns, but you cant predict a crash when the government is willing to manipulate the market with incentives, money printing, rule modifications, etc
We're the captains now!
I am extremely impressed woth chanos. He almost got them all right.
Chanos always expressed concerns related to Tesla’s valuation and profitability. It was never a fraud argument. He is mostly right. The game is not over yet. I think he will be right at the end of the day. Let’s wait and see !
No
it would have to fall 90% for him to be at break even. Nah.
@@MichaelMulin Might be true. But I am talking about his thesis not about his monetary gain.
Chanos is stuck in his view that Tesla is JUST a cat company. His main flaw.
Jim chanos is lamos
Comparing a Nissan Leaf that was launched in 2010 (!!!) to a Tesla Model 3 that was launched more than 7 years later and costs considerably more is honestly a terrible example for legacy automakers lacking behind Tesla.
He is right about china real estate construction bubble , just too early! Evergrande default
Turns out, he was right on the money about Chinese real estate market..
Legend has it he closed his short position on TSLA mid 2020 and opened one in NIO
To compensate he went bullish on nikola and with spare cash shorted gme as part of his master plan
@@saulpizarro4684 HAHAHAH, sounds like a plan!
@@oakinvestment5371 "-It literally can´t go Tits up" he famously said
He was right about the china real estate stuff
he literally was right about china tho....
I think we can all agree he's right on the money about China's real estate bubble, he was way too early though
$GME to the moon boys🚀🚀🚀
+100% in 2 days...
@@wallstreetmillennial bro we just need diamond hands and confindence and the true short squeeze will come
What about black berry?
Get out of GME, BB has way more potential.
Had 400 shares at $3.87 cost basis.. sold at like $10 cause it’s still a garbage company.. but I forgot we are in a meme economy 🤦🏻♂️
and the china real estate bubble is real and ready to pop now
Ummmmm, he wasn’t wrong about China just too early.
Part of being right is timing.
china will eclipse US GPD in 5 years. 1.4 billion people need housing. shorting china is the like shorting tesla x10000000
@@levelazn all with fake numbers produced by a fake economy enabled by a fake currency. What is RMBs share of global payments now? 1.74% Your economy is fake.
@@griffincoleman3544 -Honestly that’s life, timing is everything. Finance, career, relationship, kids etc.
Timing is the essential to life
Anybody else suspect Jim Chanos of being backed and funded by the fossil fuel industry in a failed attempt to stop the adoption of EV, solar and renewable energy?
This video hasn’t aged well…
Best timing award goes to this video!
To be fair about the Chinese real estate. Chanos wasn't exactly wrong that China was inflating the market, he was just wrong that it would collapse like a capitalist market. He underestimated the power of China to flip the dept onto thier insanely over-populated and under-paid working class. There are literal small cities of apartments built in the last 2 decades that have never seen a single resident.
To this day, China has more abandoned real estate development acreage than middle class lived in housing. He was absolutely right about what was going on in China, he simply was wrong about what was going to happen.
He could have shorted evergrande. He wasnt completely wrong on the big picture
Thank you Jim! I invested in TSLA after hearing Chinos list Tesla's strong points as weakness in 2019, and now have enough to buy two tri-motor Cybertrucks with FSD and a model Y performance after covering my initial investment 100%.
OH how this aged well...
Seeing this on December 31st, 2022 after Elon Musk became the first person to lose 200 billion dollars.
Craziest part about this is that his first major mistake, or the fact that china's in a real estate/construction bubble, couldn't have been more correct bro was just too early
he*
This was actually a serious video. no memes. Just info.
He was right about China’s real estate bubble
Dude never learns. Some people just can’t admit when they are wrong. (Those people shouldn’t trade stocks) Lol
Everyone says that until the bubble pops lol
@@chris0000924 like it did in March? 😅spoken like a true tsla Short seller. And that’s what stop losses are for. TSLA could tank and this dude won’t even break even on his short
@@DinoTamer23
I'm not dumb enough to short tell something propped up by the government.
Amazon is overvalued too, that don't mean you should short it.
@@nemeanlioness
It's currently propped up by the government
Well, his China prediction is slowly but surely coming true now ^^
It’s a growth stock, not a value stock because it really is not justified right now at this price. There are competitors. Anyway, with retail investing so easily accessible you’d have to be crazy to short TSLA.
Tesla is and always will be government funded.
They innovate and you're silly if you think cars is the only thing Tesla does
He was right about China only way too early.........
*Looks at title*
r/wallstreetbets: _Hold my shares_
Wallstreetbets is the most disguised *SCAM* there is!
He's not going to be wrong everywhere. He read the wrong signs, but he's not an idiot.
With this dudes luck I think he must be long in Nikola.
He was right about China, just had the timing completely wrong.
Melvin Capital- hold my beer
One thing he forgot to mention is that Tesla's P/E ratio is 1500+ when a common (normal) P/E ratio for a popular growing company is between 30 and 95. A lot of investor will loose a lot of money once the bubble pops.
It’s absolutely overpriced. But you also have to look at it from a forward PE basis. Right now it’s around 150, 1/10th of what it was