Jim Chanos confirmed he still has an active short bet against Tesla, Inc. (NASDAQ:TSLA) and said the stock is “ridiculously overvalued.”
What Happened: The Tesla story keeps changing, Chanos, the founder and President of Chanos & Co., said in an interview with Bloomberg.
“Every every few months the Tesla faithful trot out a new [theme] – it’s batteries, it’s irobo taxis, now it’s AI,” the short seller said.
“I’m a little bit bemused having followed the company as long as we’ve been following it, that Tesla sort of admitted just recently, with its full self-driving effort, that it had been pursuing sort of the wrong avenue for seven years,” he said. It’s now going to a …
