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Short selling giant Jim Chanos is still short on Coinbase, Tesla and the FOMO-investment market

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Short selling giant Jim Chanos said he remains short on Coinbase, but not because of the FTX blowup and the dive of crypto prices.

Short selling giant Jim Chanos is still pretty bearish on a number of stocks including Coinbase and Tesla, he said on Thursday.

“Look at the texts that were released in conjunction with people wanting to invest in Elon’s Twitter deal,” he said. “You know, ‘I’ll send you a couple billion dollars in effect, no due diligence necessary.’” “This isn’t about crypto prices. That’s not why we why we shorted the stock and that’s not why we remain short. I mean, crypto prices will obviously fluctuate. It’s really the business model that I don’t think people appreciate here,” he said.

 

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