Jim Chanos

Irvine Wanted a New Concert Venue. But Not on Live Nation’s Terms. https://t.co/Wts3jBi88y via @NYTimes $LYV (2) The $LYV threats to City Council members then allegedly became personal. Hard to see why this still trades at over 100x EPS. https://t.co/yD9JMiXAkJ

So $15 million per mile…?! California should call his bluff and offer him $30 million per mile if he posts a $60B completion bond. A win-win! @boringcompany https://t.co/buNT82Aq1w

“Good news Mrs. Smith, we were able to get you 100% of your requested allocation!”

“That’s a nice church ya got there, Cardinal…be a shame if anything happened to it.”

The $MSTR CEO doesn’t seem to understand the difference between revenue and capital raised. Or does he…?!

As @JeffMacke knows, no one voluntarily moves from Wisconsin to Minnesota. Those are obviously Minnesotan career criminals being extradited back home.

@alpe1949 @satsbaconmoto Almost half of $TSLA’s Operating Profit last year was from the sale of tax credits($2.0B). Those are also “government subsidies”.

@satsbaconmoto Lol, BYD’s operating margin was the same as Tesla’s last year…5%. As for “ARK’s math”…

@TodaroRichard After 12 years of development there is not one piece of evidence that other major OEM’s would adopt $TSLA’s software package. Why not?

Tesla annual global car sales have plateaued at below 2% market share, with FSD adoption a fraction of that. After ten years. As the other automotive OEM’s catch-up w/their own autonomous platforms. $TSLA (2) Accordingly, annual FSD revenues are probably running at $1.3B to $1.4B right now, or about 1.5% of Tesla total revenues. The annual EPS from FSD software is probably 20-25 cents per share. Not material after ten years. $TSLA

@Sean__James And yet, the FY 2027 and 2028 Adjusted EPS estimates for $IREN keep dropping, despite rising spot rental rates. The FY 2028 estimate is now back to where it was at the end of 2024, when it was still solely a Bitcoin miner! Maybe ask yourself why. https://t.co/gS0ZEAZl79

@Sean__James Lol, I thought so. And by “dominate” do you mean missing their own recent HPC guidance? They missed the December quarter and are probably going to miss March as well. But I’m sure the YE 2026 number will be fine. $IREN

@Sean__James And how much capital will it take to generate that $840M of annual EBIT? $IREN

@RaymondZage The TAM in space is infinite. But back here on Earth, most people that need it already have cell and broadband services, which total $7T globally. These are not new markets.

@strivewind1 Does your mom know you are talking to the grown-ups…?!

@knowmyname100 The global broadband market is actually less than $600B. Just trying to make a point about how silly a $2T valuation is relative to the entire global telecommunications market size($7T). @SpaceX https://t.co/Jo52OxTTIR

@CarnivoreTradrZ @kakashiii111 “Vector Nostradamus”, huh…?! Lol, ok. Let me guess…you’ve been doing this for five years or less, right? https://t.co/89G9wCxs41

@Michael23FF Not over the past five years…S&P up the same as $TSLA.

@eco3min Useful life of the assets, too.

@WagieCapital @NaderAlterEgo Use $2-3,000/sub. It doesn’t make much of a difference vs $2T.

The three largest US (30% of global GDP)telecom companies with almost 100% market share, AT&T, T-Mobile and Verizon, have a combined market-cap of about $600B. They have slightly over 400M subscribers. That’s $1,500 per sub. Now extrapolate Starlink’s subs/market share. https://t.co/xFSnq2diDl (2) At the current 50% growth rate Starlink will have 75M subscribers in 2030, worth about $75B in 2026 dollars(10% discount rate) today. If its growth rate slows, then far less. Now you see why “Data centers in space!” is the new narrative. @SpaceX

@beefcubee @javacai True, but their flagship rocket actually goes into space. Starship has not achieved full Earth orbit yet.

@javacai Yes, one is actually taking men to the Moon, but the other one has better videos.

@LouisStav21 True, but combined those primes probably have space-based revenues that aren’t too far off from SpaceX’s, with a much lower combined market cap.

These Artemis II prime contractors all trade at about 2x LTM revenues, a slight discount to SpaceX’s expected figure(100x). https://t.co/O9HRuEZEcy

The #GoldenAgeOfFraud scales new heights!

This is after 12 years of autonomous software development. And yes, it’s still “improving” (two steps forward, one step back), but now other OEM’s have closed the gap at Level 2+. This will be standard equipment in 5 years, +/-. $TSLA

Sadly we apparently become apostates every October…#ThisIsMyCrew

An interesting way to fill-up empty buildings…

65% of that “free cash flow” ($224M in LTM) was from equity issuance (Share-Based Compensation). Shares outstanding were up 9% Y/Y last quarter. And of course there is net debt of over $300M at $PTON, not net cash. No position, but this is a disingenuous framing. https://t.co/vaRqgdGnH3