In an interview with Bloomberg yesterday, Jim Chanos said that Q2 revenue will be roughly flat and there was no growth for the past six quarters. He forgot to mention that the Fremont plant was shut down for two months and 90% of the other NASDAQ companies were affected by Covid-19 as well. Wall St. always looks into the future and believes many companies will see a rebound in business in 2021.
Here is the interview - https://youtu.be/2CyMubVfsDc?t=369
Here is what he said back in 2018 - https://www.cnbc.com/video/2018/08/07/tesla-short-seller-chanos.html
Tesla (TSLA) stock has made a lot of smart investors look very stupid. David Einhorn has also shorted Tesla in the $200's and remains short. Just wait until Tesla starts production of the Semi and Cybertruck. Wedbush came out with a note yesterday and stated they believe Tesla has 650,000 pre-orders for the Cybertruck. 2021-2022 will be very interesting!
