It has been swept along with other tech stocks by a tidal wave of excitement around artificial intelligence (AI). Tesla sales rose a better-than-expected 10 percent in the second quarter as the company led by Elon Musk benefited from government incentives and price cuts that made its electric. The veteran fund manager - best known for sniffing out fraud at the likes of Enron, WorldCom, and Tyco then making a fortune betting against them - has been calling out Tesla's missteps and ridiculing its valuation in recent months.įor example, he's warned the EV maker's profit margins will shrink, trumpeted its competitors, underscored its reliance on government support, blasted its Autopilot software, and questioned Musk's bullishness about future products such as Optimus, a humanoid robot.ĭespite Chanos' criticism, Tesla stock has skyrocketed 113% this year, making it one of the S&P 500's five biggest gainers in the first half. 1y 3y 5y max Mountain-Chart Date Compare with Remove all Compare with up to 5 Stocks On Monday the closing price of the Tesla share was 268.40 on NAS.
He switched from shorting the company's stock to owning bearish put options on it in early 2021, and still held puts against 46,100 shares as of March 30, regulatory filings show. (TSLA) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Chanos, a prominent Tesla critic, first bet against the automaker in 2016.
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