Jim Chanos Says Valeant Worth Zero, Still Short Tesla

Jim Chanos is set to speak this evening at the Ira Sohn Conference, which is underway at  David Geffen Hall in New York City. However, before that as a teaser, he spoke with CNBC regarding his current portfolio, mostly shorts including Tesla and Valeant.

Jim Chanos draws similarity between Tesla, Valeant

The highlight of his talk with CNBC was his short bet on Tesla. Chanos said he was betting against the company because a number of senior executives are leaving. The short-seller said the automaker will not be able to meet its production targets because of the changes in its top management.

Greg Reichow, Tesla’s VP of production, and Josh Ensign, VP...