Jim Chanos Drops Interesting Comment After Elon Musk Touts Cybertruck's Bulletproof Body: 'Might Have To Worry About Summer Sun On Stainless Steel'
Portfolio Pulse from Shanthi Rexaline
Tesla's Cybertruck recently underwent bulletproof testing, which CEO Elon Musk praised. However, short investor Jim Chanos commented that the summer sun on the truck's stainless steel body might be a bigger concern. Tesla confirmed the Cybertruck's launch date as Nov. 30, but Musk warned that the production ramp-up could be difficult. Tesla's stock ended down 3.69% at $211.99 on Friday.
October 21, 2023 | 9:01 pm
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Tesla's Cybertruck passed bulletproof testing, but concerns were raised about its stainless steel body. The company's stock ended down 3.69% at $211.99.
The news about the successful bulletproof testing of Tesla's Cybertruck could be seen as positive. However, the concerns raised by short investor Jim Chanos about the truck's stainless steel body could potentially impact the market's perception of the product. Additionally, the warning from Elon Musk about the difficulty of the production ramp-up could also negatively affect investor sentiment. This, combined with the recent drop in Tesla's stock price, suggests a negative short-term impact.
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IMPORTANCE 75
RELEVANCE 100