Jim Chanos

Theater of the Absurd

Wait, it just got moved to 2028 last month. Now a “major impact” in 2029…?! $TSLA

So 10x today’s global GDP ($1 Quadrillion) in 15 years…?! That’s also only a mere 43% CAGR from today’s $68,000 price. Lol, ok.

Impressive, until you realize that California single-passenger commuters drive approximately 600 million rides per month, Monday-Friday.

What are we even doing here…?!

@erewewq From last March $IBM https://t.co/JtfzEkTTNN

@erewewq It’s also because they are a marketing/consulting company, not a cutting-edge AI company. AI is a threat, not an opportunity, for $IBM.

Wait till they discover the wonders of “Construction in Process” deferral accounting! @JonathanWeil

Evaluation Awareness: “The bombs didn’t know they were being inspected.”

If Ernst & Young is allowing $ERIE Indemnity to keep all of their actual captive insurance operations (the “Erie Exchange”) off their financial statements, then we shouldn’t be surprised about their opinion about $META’s giant data center SPV accounting treatment. https://t.co/3neGPoRiQv

Lol, what…?! https://t.co/3z6d8NEYhO

Can you imagine any other CEO with a plunging stock saying, “The story of the day is that our junk debt is still trading at par!” $MSTR #LowBar

“Stock prices, Bro!” doing a lot of heavy lifting today.

Whatever your view on $HOOD being a casino vs a financial platform, the following observation is stunning to me: If we include January’s estimated loss of $(4-5)B, Robinhood’s customers have made very little money since the Meme Stock Era ended (6/30/21)! https://t.co/HR5xtC2wdC (2) The S&P Total Return Index since then is up over 70%. An actual bear market would be devastating to their customer base. $HOOD (3) And given their options/crypto exposure, it’s safe to say the $HOOD customer base was probably leveraged long over this five year period. Yikes.

Given that $DKNG trades at only 3x revenues, the prediction market business is relatively immaterial ($1.50 per share) to $HOOD’s current valuation. Online casinos < Online brokers.

Fact Check: True

@LawrenceLepard Here is the interview where Saylor claims that the $MSTR Bitcoin mark-to-market profits deserve a “10 to 20 multiple”. From the 4:00 minute mark. #Gibberish

The $MSTR CEO, who along with Michael Saylor , tried to convince investors to capitalize their mark-to-market Bitcoin gains last spring, is now telling investors to ignore the “GAAP” mark-to-market losses! #Shameless @PowerLunch

Or…maybe the fact that a number of Bitcoin miners-turned-AI-data-center companies have announced massive new powered sites “out of the blue” means that access to permitted power isn’t such a constraint anymore. $IREN $CIFR $WULF

Wait, what…?!

“Global leader in autonomous driving technology demands US Government help to compete versus the Chinese.” $TSLA

Sounds familiar…

So all the hyperscalers/neoclouds/ex-Bitcoin miners bringing terrestrial data center capacity online in 2-3 years…are now terminal shorts? Because that’s the logical conclusion of the “data centers in space” narrative.

Just last week @SpaceX was floating a $1.5T valuation for its IPO. Now an implied $1.0T in its merger with @xai? https://t.co/KABridYfUX

Saying the quiet part out loud…

This is bad, even by today’s standards. #GoldenAge

The Tesla/SpaceX/xAI story being leaked last night now makes a bit more sense.

#FundingSecured

Hell, they didn’t even win their own division.

If you are a $CVNA shareholder, this should terrify you. From what we now know about DriveTime, thanks to @GothamResearch, it was not “extremely profitable” when he posted that.