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☆ Hedge fund manager Dan Niles is short Tesla as stock rises 5% this month. Here's why
▼ + stars: | 2023-10-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Hedge fund manager Dan Niles has revealed that he is still shorting Tesla 's stock, despite being bullish on the broader market. Niles, cofounder and portfolio manager of the Satori Fund, told CNBC's "Squawk Box" Tuesday that he sees significant headwinds for Tesla in the months ahead that could push the stock lower. TSLA YTD line Having more than doubled in value this year, Niles said the stock now faces a very different environment to earlier this year. It should be noted that Niles' Tesla short position is relatively small and accounts for about 1% of his portfolio. In contrast, the fund manager has previously made aggressive bets of up to 15% of the fund on stocks where the hedge fund has had a high conviction.

Persons: Dan Niles, Tesla, Niles, CNBC's, Elon Musk, Thomas Edison, he's Organizations: Tesla, Cox Automotive, CNBC

☆ Bill Gates and Elon Musk: An excerpt from Walter Isaacson's new biography of Musk
▼ + stars: | 2023-09-10 | by ( Walter Isaacson | ) www.cnbc.com time to read: +7 min

The following is adapted from Walter Isaacson's biography "Elon Musk," publishing Sept. 12. "Hey, I'd love to come see you and talk about philanthropy and climate," Bill Gates said to Elon Musk when they happened to be at the same meeting in early 2022. In the rarefied fraternity of people who have held the title of richest person on Earth, Musk and Gates have some similarities. Gates had shorted Tesla stock, placing a big bet that it would go down in value. "How can someone say they are passionate about fighting climate change and then do something that reduced the overall investment in the company doing the most?"

Persons: Walter Isaacson's, Elon Musk, Bill Gates, Gates, They'd, Rory, schedulers, Musk, Omead Afshar, they'll, I'd, shorting Tesla, Claire Boucher, Grimes, Tesla, Walter Isaacson, Jennifer Doudna, Leonardo da Vinci, Steve Jobs, Albert Einstein, Benjamin Franklin, Henry Kissinger Organizations: SpaceX, Tesla, Washington , D.C, Twitter, CNBC, Tulane University, CNN Locations: Austin, Washington ,

☆ Famed short-seller Jim Chanos says he's still betting against Tesla as the EV maker 'wrestles' with margin pressures and increased competition
▼ + stars: | 2023-01-31 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Jim Chanos said he's still shorting Tesla as the EV maker faces margin pressures and increased competition. He expects the Elon Musk-run carmaker's margins to fall as its China market weakens. Meanwhile, Tesla faces competition from Chinese automakers including Nio and BYD who are taking massive market share. And China right now is their weakest market," Chanos said in a CNBC interview on Monday. According to Chanos, Tesla's challengers include Chinese automakers like Nio, Xpend, and BYD.

☆ Jim Chanos says he's still shorting Tesla as EV competition increases, profit margin peaks
▼ + stars: | 2023-01-30 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Famed short seller Jim Chanos said Monday he's still betting against Tesla as competition in the electric vehicle market ramps up. However, China is now the weakest market for Tesla, Chanos said. "It trades at a premium … actually trades at a premium in terms of its multiples to Ferrari and Porsche." Chanos said Tesla has a major footprint in China, generating a significant amount of profits in the developing country. "Tesla trades at a premium to those companies who are growing faster than they are in China.

☆ Legendary investor Bill Miller says he's shorting Tesla because the EV maker has a looming competition problem: 'If it goes up, I'll short more'
▼ + stars: | 2023-01-09 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Miller told CNBC on Friday that Tesla is starting to lose market share as more electric vehicles hit the road. All the major auto-makers are pivoting to electric vehicles and Tesla is starting to lose ground to them, according to Miller. And all of them are coming with electric vehicles," Miller said. Aside from competition, Miller's bearish argument on Tesla also boils down to the ongoing debate between bulls and bears: is Tesla a tech company or a car company? The earnings multiple if you consider it a tech stock is not out of whack certainly with its dominance in electric vehicles," Miller said.

☆ Bill Miller doubles down on Amazon after a rough year, while shorting Tesla increasingly
▼ + stars: | 2023-01-06 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Value investor Bill Miller said he's doubling down on Amazon after a brutal year, and growing his short position on Tesla . Miller said he recently bought more Amazon shares. His hedge fund Miller Value Partners held 695,000 shares, worth about $78.5 million, at the end of the third quarter. "I think it's one of the easiest names in the market," Miller said on CNBC's " Closing Bell " on Friday. AWS, Amazon's cloud-based segment, is worth almost the whole price of Amazon, Miller said.

☆ Chart analyst Katie Stockton says short Tesla, sees a 'topping formation'
▼ + stars: | 2022-10-12 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Tesla is a prime target for short-selling as the stock's chart pattern peaks, said Katie Stockton, founder of Fairlead Strategies. Tesla fell another 2.9% Tuesday, bringing the year-to-date loss to about 46%, worse than the Nasdaq Composite's 34% decline. Stockton said it's risky to hold Tesla, and that it will probably continue to weaken. "Maybe not in the very, very near term, but beyond the very near term, we do think that we'll see some additional downside leadership from Tesla." In Tesla's most recent quarter, earnings per share beat expectations while revenue came in lower than anticipated .

☆ Retail investors have bailed on most stocks except for these two 'last bastions'
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The two stocks alone make up an estimated 34% of the average retail investor's holdings, he said. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Iachini, referring to an acronym used to describe an investor's profit-and-loss statement. He said Korean retail investors, who account for about 2% of Apple's retail holdings, selling off the news would likely mean forced liquidations. Why retail capitulation matters A new index from Vanda gauging retail capitulation, meaning the act of giving up on the market, has shown sentiment and hard money data has continued sliding. "This goes to show that retail investors' flows have been pivotal in cushioning the equity sell-off, in our view," he said.

☆ The Fed can save the stock market if a recession hits. Experts explain how far the central bank will go with rate hikes – and when it could reverse course.
▼ + stars: | 2022-09-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

As of yesterday, the federal funds rate is now in a range of 3.0% to 3.25% after a third consecutive 75-basis-point rate hike and the fifth increase of the year. But should the unemployment rate rise and company earnings fall enough to kick off a deep recession, a markets-friendly central bank could emerge over the next year, according to Kolanovic. In his view, a Fed pivot won't materialize until the unemployment rate gets closer to 5%. How does the Fed's third outsized rate hike impact your outlook for the economy and for your portfolio? US stock futures struggled for direction early Thursday, as the odds of a soft economic landing dwindled following the Fed's rate hike Wednesday.

☆ Elon Musk and Bill Gates have argued over everything from climate change to the pandemic. Here's how their disagreements started and everything that's happened since.
▼ + stars: | 2022-06-07 | by ( Avery Hartmans | Aaron Mok | ) www.businessinsider.com time to read: +1 min

Elon Musk and Bill Gates don't seem to agree on climate change, the pandemic, or space travel. After Musk took issue with Gates shorting Tesla, the Microsoft founder said that "he was super mean to me." The two moguls are among the world's wealthiest, with Musk in 1st place and Gates in 5th, behind Amazon founder Jeff Bezos and LVMH Chairman Bernard Arnault. In fact, new details from Walter Isaacson's forthcoming biography on Musk suggest that their relationship behind closed doors may've been more tense than we would've thought. Here's where the friction between Gates and Musk began and everything that's happened since.

Persons: Elon Musk, Bill Gates, They've, Musk, Gates shorting Tesla, Gates, Jeff Bezos, Bernard Arnault, Walter Isaacson's, Here's Organizations: Twitter, Microsoft, Service, SpaceX, Amazon Locations: Wall, Silicon

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