Chanos Reduces ‘Painful’ Tesla Short, Tells Musk ‘Job Well Done’
- Kynikos reduces size of Tesla short as stock heads for S&P 500
- ‘It’s been painful, clearly,’ Chanos says of five-year bet
Jim Chanos
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Jim Chanos has been short Tesla Inc.’s stock for five long years. And although he’s reduced the size of the trade, he’s not done with it yet.
For the first four years, he says, it wasn’t such a bad short. The electric-vehicle maker’s stock wasn’t trouncing the market.