{"id":166922,"date":"2023-07-05T21:22:32","date_gmt":"2023-07-06T02:22:32","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/07\/teslas-record-deliveries-in-q2-were-driven-by-price-cuts-and-are-already-priced-into-its-stock-short-seller-jim-chanos-says"},"modified":"2023-07-05T21:22:32","modified_gmt":"2023-07-06T02:22:32","slug":"teslas-record-deliveries-in-q2-were-driven-by-price-cuts-and-are-already-priced-into-its-stock-short-seller-jim-chanos-says","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/07\/teslas-record-deliveries-in-q2-were-driven-by-price-cuts-and-are-already-priced-into-its-stock-short-seller-jim-chanos-says","title":{"rendered":"Tesla\u2019s record deliveries in Q2 were driven by price cuts and are already priced into its stock, short seller Jim Chanos says"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/teslas-record-deliveries-in-q2-were-driven-by-price-cuts-and-are-already-priced-into-its-stock-short-seller-jim-chanos-says.jpg\"><\/a><\/p>\n<p><a href=\"https:\/\/markets.businessinsider.com\/stocks\/tsla-stock?utm_medium=ingest&utm_source=markets\" rel=\"\">Tesla<\/a> delivered upwards of 466,000 vehicles in the second quarter \u2014 20,000 more than Wall Street\u2019s consensus forecast of about 446,000, it <a href=\"https:\/\/ir.tesla.com\/press-release\/tesla-vehicle-production-deliveries-and-date-financial-results-webcast-second-quarter-2023\" target=\"_blank\" rel=\"noopener nofollow\">revealed<\/a> on Sunday. Jim Chanos waved away the <a href=\"https:\/\/www.businessinsider.com\/tesla-posts-another-record-high-quarter-price-cuts-charging-wins-2023-7?utm_medium=ingest&utm_source=markets\" rel=\"\">strong showing<\/a> on Twitter, saying it was fueled by price cuts and firmly priced into Tesla\u2019s current valuation.<\/p>\n<p>\u201cAgain, \u2018blown away\u2019 is a 4% beat on deliveries with huge price cuts? The $800B valuation might just be discounting that\u2026$TSLA,\u201d he <a href=\"https:\/\/twitter.com\/WallStCynic\/status\/1675655914244694019\" target=\"_blank\" rel=\"noopener nofollow\">tweeted<\/a> about Elon Musk\u2019s electric-vehicle company.<\/p>\n<p>\u201cIs \u2018massive\u2019 4% for a stock at 10x revenues\u2026? Shouldn\u2019t a company trading at that valuation always exceed expectations? $TSLA,\u201d the short seller <a href=\"https:\/\/twitter.com\/WallStCynic\/status\/1675655021524910080\" target=\"_blank\" rel=\"noopener nofollow\">wrote<\/a> in a second tweet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla delivered upwards of 466,000 vehicles in the second quarter \u2014 20,000 more than Wall Street\u2019s consensus forecast of about 446,000, it revealed on Sunday. Jim Chanos waved away the strong showing on Twitter, saying it was fueled by price cuts and firmly priced into Tesla\u2019s current valuation. \u201cAgain, \u2018blown away\u2019 is a 4% beat [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,17,1491],"tags":[],"class_list":["post-166922","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-sustainability","category-transportation"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/166922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=166922"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/166922\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=166922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=166922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=166922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}