Tesla Inc (TSLA)

[boston745]

That gain youve made is not because of anything inherent at Tesla its because there is major effort to push Tsla up. Youve benefited from the ponzi scheme. Until the stock price returns to its base valuation its nothing more than that.

Weeding out the fluff and sticking to the basics of Tesla’s business, he says that, “however you might want to dream about autonomous taxis, spaceflight, tunnels underground, whatever - they are a car company, and they are an unprofitable car company.” Chanos said during Barron’s Executive Briefing on Investing and Money on Monday.

Labeling the market’s momentous growth phase as a “Golden age of fraud,” the short seller hints that financial frauds would come undone once the market enters into a contraction phase. He drew some of these references to the dot-com bubble burst two and a half decades ago.

So much for Chanos changing his tune. Contraction phase is coming and then things will become more apparent to those with their heads in the sand.