Tesla Is 'Structurally Unprofitable,' Chanos Says
- Musk’s carmaker facing profitable, well-funded competition
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Chanos Says Tesla Is 'Structurally Unprofitable'
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Tesla Inc., a perennial target of short sellers, is “structurally unprofitable” with a “way too leveraged” capital structure, said famed investor Jim Chanos.
“Three years ago, this company was supposed to be making money now,” Chanos, who’s betting against Tesla shares, said in an interview Thursday on Bloomberg Television. “Now it’s supposed to be making money by 2020. And I’m guessing by 2019, we’ll hear about 2025.”