Jim Chanos provides a dislcaimer that any stock he mentions the audience should assume he’s short,, but cannot confirm this for certain. Tesla Motors Inc (NASDAQ:TSLA) has gone beyond interesting innovation to a cult stock. These stocks are now based on wild predictions.
He notes that his analyst realized that a sell side analyst had only $5 out of the $200 price target based on current earnings. However, based on valuation it seems investors are just chasing momentum lately.