Tesla's record deliveries in Q2 were driven by price cuts and are already priced into its stock, short seller Jim Chanos says
on Twitter, saying it was fueled by price cuts and firmly priced into Tesla's current valuation.
"Again, 'blown away' is a 4% beat on deliveries with huge price cuts? The $800B valuation might just be discounting that…$TSLA," he"Is 'massive' 4% for a stock at 10x revenues…? Shouldn't a company trading at that valuation always exceed expectations? $TSLA," the short sellerTesla's market capitalization stood at $820 billion as of Friday's close, or more than 10 times its $81 billion of revenue last financial year.
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