Famed short-seller Jim Chanos, Kynikos Associates, went on the record Wednesday revealing that he's shorting Tesla Motors. Chanos announcing his short on the heels of news today that two key executive are departing the company.
Jim Chanos is betting against Elon Musk - Business Insider
One of our historical sign posts, of a company in trouble is when numbers of senior people leave over a short period of time. Tesla fits that bill. We have a chart that we've had — I guess we're going to have to update it this afternoon — of senior executives leaving Tesla. It is a flood of people leaving in the past few years. And that is not a good sign and this is a company that can't forecast its deliveries one quarter out. And yet everybody is confident about what they're going to make in 2020 or 2025. I want to see them make the model 3 and sell it profitably. I don't think they can do it.