Short selling Tesla is a disaster! Wall Street bear Chanos closes his hedge fund
股海静观陶
发表于 2023-11-20 10:35:12
1230
0
0
As the US stock market rebounded, Wall Street's most famous bear surrendered nearly 40 years after founding his hedge fund.
According to media reports recently, renowned short seller Jim Chanos will transform his hedge fund Chanos&Co. into a family office and consulting firm. Chanos' hedge funds short companies they believe are overvalued or fraudulent.
Chanos told the media that he will no longer operate limited partnership enterprises or offshore funds, but will return external capital to investors.
It is reported that Chanos& The scale of assets managed by Co. has significantly decreased, from $6 billion in 2008 to below $200 million.
With the US stock market rebounding in 2023, Chanos has been struggling to profit from his bearish position. The S&P 500 index has risen nearly 18% year to date, and is expected to rise 7.6% in November. Due to market bets that the Federal Reserve will start cutting interest rates in 2024, the US stock market rebounded strongly in November.
Chanos is known for short selling Enron before its bankruptcy in 2001. He also made profitable bets on the struggling payment company Wirecard.
Short selling Tesla to suffer losses
Chanos has long been pessimistic about Tesla, having previously stated that "Tesla's equity is worthless" and stating that he is "basically still Tesla's biggest bear". He started short selling Tesla in 2016, but reduced his short bets before the electric vehicle company was included in the S&P 500 index at the end of 2020.
In January of this year, he once again increased his efforts to short Tesla, citing the increasingly fierce competition in the electric vehicle market. He pointed out that in China, one of Tesla's most important markets, local manufacturer BYD and other car companies have a huge market share. Compared to companies that grow faster in China, Tesla's trading price is higher.
In fact, throughout 2023, Tesla lowered prices for its Model S and Model S models in China and launched lower cost models in the United States to cope with the rise of competitors in the electric vehicle market.
Nevertheless, as investors flock to the so-called "Big Seven" of technology, Tesla's stock price has risen by 90% this year. Since 2015, Tesla's stock price has skyrocketed by over 1500%. This electric vehicle manufacturer is currently one of the world's highest market capitalization companies. The short selling of Tesla resulted in significant losses for Chanos' funds.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Tesla's zero interest car purchase policy has been further extended
- Five car companies besiege Model Y within a week, will Tesla be pulled off the pedestal?
- Car owner revealed that Tesla saved his life by automatically turning the steering wheel to avoid the large truck at a speed of 170km/h
- Tesla's Shanghai Gigafactory exports over 1 million new energy vehicles
- Today, Tesla's Shanghai Gigafactory exported 1 million new energy vehicles
- Tesla Shanghai Gigafactory exports over 1 million vehicles
- Tesla Germany factory employee sick leave rate rises to 17%, Musk personally investigates
- Shanghai Nangang Helps' Lingang Made 'New Cars Launch and Go Overseas: Building a Dock at the' Doorstep 'of Tesla and Other Enterprises
- Tesla welcomes' important moment 'article, understanding Musk's autonomous driving strategy
- Tesla wins lawsuit over whether FSD system misled investors
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 前天 14:17
- 支持
- 反对
- 回复
- 收藏
-
10月1日、理想自動車が9月に納入したデータによると、9月に理想自動車が新車53709台を納入し、前年同月比48.9%増となった。 今年第3四半期、理想自動車は前年同期比45.4%増の152831台を納入した。今年9月30日現在、 ...
- 就放荡不羁就h
- 2 小时前
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 前天 09:33
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 3 天前
- 支持
- 反对
- 回复
- 收藏