Skip to comments.Short-seller Jim Chanos says Elon Musk 'may be misleading investors'
Posted on 04/26/2018 7:42:19 AM PDT by george76
Jim Chanos says "stunning" executive turnover at Tesla is a bad sign for the company.
Elon Musk "may be misleading investors," Chanos..
"I think Elon Musk has crossed the Rubicon in terms of making statements to investors that he might rue later,"
Short-seller Jim Chanos is blasting Elon Musk's leadership at Tesla.
Musk's announcements about future products.
"He said the Roadster will be available in 2020 and Semi [truck] will be entering production next year," Chanos said. "I don't think either of those are going to happen."
He believes recent management turnover at the electric car maker is a bad omen for Tesla.
"The No. 1 sign of impending problems is mass executive departures," Chanos said. "This is becoming a torrent at Tesla. ... [It is] stunning the accelerating rate of executive departures."
(Excerpt) Read more at cnbc.com ...
May be? HAHAHAHA!
Musk may just be cleaning house of executive dead wood..........If you do not make your goals and targets, get someone who will..................
I do not wish any ill at all upon Elon Musk, but I think only Musk’s true disciples are left. It’s taken longer than I thought, but I believe people are starting to see behind the veil.
I would love for Musk to succeed, but I could never quite see how otherwise smart people didn’t demand more evidence than they would from any other American CEO. It seems Musk has ridden a steady stream of billowy hype, and people seemed to desperately want to believe every new fantastic proclamation from Musk.
I could still be wrong. Musk could pull this off, and I hope he does, but he will do it without any investment from me.
“Musk may just be cleaning house of executive dead wood..........If you do not make your goals and targets, get someone who will..................”
Actually, the way investors look at it is that Musk doesn’t provide proper leadership.
The fact is, all those executives weren’t experienced and good hires then all of sudden they all became incompetent and ineffectual. Lacks of leadership above them is what causes that.
Late 40’s Tucker?
Very good !
LOL Im no fan of much of what Musk does but never expect a SHORT SELLER to have anything positive to say about an enterprise whose stock he is shorting. So take what a short seller says with a bucketful of salt.
“If you do not make your goals and targets, get someone who will..”
Or get someone that will lie for and with you.
Musk has many irons in the fire at once, perhaps too many to be a good leader over all of them.............
If this man has a short position on Tesla he’s just committed a crime.
Being short Tesla, of course he’s talking it down. Are there problems? Probably. Does this guy have his hair on fire well beyond any actual problems? Very likely. He stands to profit.
He might be right, but I still hate short sellers and rejoice when they lose their shirts.
IMHO the problem is Tesla’s business plan, which depends on the Federal Government being in permanent tree-hugging-pinko-commie-lib hands ...
hmmm....thanos is after musk
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