Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jul 19, 2018

Jim Chanos Denies Getting Inside Tesla Tips After Musk's Tweets

(Bloomberg) -- Jim Chanos, the short-seller who's been a longtime critic of Tesla Inc., said he's never received or paid for inside information about any company, including the electric-car maker.

Chanos, who runs hedge fund Kynikos Associates, was responding to a question on CNBC about a series of tweets from Tesla Chief Executive Officer Elon Musk. In a July 5 post, Musk questioned whether a journalist was an inside trading source for one of Tesla's biggest short-sellers.

“We talk to journalists all the time,” Chanos said. “We have never received inside information from any journalist at any time, including Tesla, and never paid any journalist at any time, including over Tesla for access.”

Chanos has called Tesla's equity worthless and told Bloomberg News in December that the company is headed for a “brick wall.”

--With assistance from Katherine Burton.

To contact the reporter on this story: Melissa Karsh in New York at mkarsh@bloomberg.net

To contact the editors responsible for this story: Margaret Collins at mcollins45@bloomberg.net, Vincent Bielski, Alan Mirabella

©2018 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search