Tesla’s Earnings Twist: Short Seller Jim Chanos Says Q2 Beat Was ‘Entirely’ Due To This Surprising Factor

Electric vehicle pioneer Tesla, Inc. (NASDAQ:TSLA) reported a record quarterly revenue and an earnings beat as gross margin contraction was not as worse as expected.

The stock, however, fell in reaction after the results.

Tesla skeptic and short seller Jim Chanos did some number-crunching to highlight what was potentially skewed about the earnings beat.

See Also: Everything You Need To Know About Tesla Stock

Chanos noted that the beat was entirely due to an almost $400 million swing in the “other income” component, which reversed from a negative $48 million in the first …

Full story available on Benzinga.com

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