Skip to main content

subprime

See All Stories

Billionaire hedge fund manager goes after Tesla and SolarCity, but can’t get his facts straight

Jim Chanos

JIm ChanosJim Chanos is a famed billionaire hedge fund manager known for short selling companies. He is also a regular market commentator for CNBC and Bloomberg. Chanos recently disclosed having a short position on solar installer SolarCity (SCTY) and although he refused to disclose his position on Tesla Motors (TSLA), he doesn’t have good things to say about the company.

During an interview with Bloomberg on Monday morning, Chanos explained why he thinks both companies are overvalued, but the “facts” he used to support his opinion are misleading.

Expand
Expanding
Close