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Short seller Jim Chanos says Tesla headed for 'brick wall'

Tesla succeeded because it was the first company to make electric cars fun and attractive but others have jumped on the bandwagon

Published Thu, Dec 14, 2017 · 09:50 PM
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Southfield

TESLA Inc, a perennial target of short sellers, "is headed for a brick wall", investor Jim Chanos said.

"Every bull market has its poster children," the president and founder of hedge fund Kynikos Associates said at an event in Detroit. "Tesla is one of the bad ones." Mr Chanos has been public about his short position in Tesla Inc for more than a year.

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