According to reports, "Big Short" Jim Chanos, known for shorting Enron and Tesla (TSLA) and shouting that Tesla was going bankrupt in 2016announced the closure of its hedge fund that had been operating for nearly 40 years. It is reported that the funds managed by ChanosThis year, due to the surge in U.S. stocks, we suffered heavy losses and were forced to announce the closure of the fund company Chanos & Co. Moved into a family business and later changed to consulting services.

Currently Chanos&Co. The assets under management are alsoIt has shrunk significantly from about $8 billion in 2008 to less than $200 million. The fund plans to return most of the money to investors by the end of the year, according to a letter to clients on Friday.

For nearly 40 years, Chanos has been through Chanos&Co. Chanos is best known for shorting companies he believed were too expensive or suspected of fraud. Chanos was one of the first investors to notice Enron's problems. Chanos had already shorted Enron before the accounting scandal broke out in December 2001, which made him famous.

Chanos has turned its short-selling target to Tesla in recent years and has been shorting Tesla since 2016. Unexpectedly,This time, he hit the "iron plate". Since 2015, the stock has soared more than 1,500%. Chanos has raised questions about Tesla's business model and valuation, saying in 2020 that Tesla's quarterly profits were driven more by regulatory credit sales than cars.

Since Tesla joined the S&P 500 Index in 2020, Chanos has begun to reduce its short position on Tesla, butUntil the beginning of this year, he still insisted on shorting Tesla, believing that Tesla would perform poorly as competition in the electric vehicle market became increasingly fierce.

In February, Chanos disclosed that he was shorting General Electric (GE), saying the company's fair value was "well below" its current stock price. GE's stock price is up 83.4% this year.

A netizen criticized Chanos on social media, sayingIt misjudged Tesla from the beginning, and now it has finally paid a heavy price for its years of bearishness. This netizen also pointed out:

“If you think Tesla is overvalued, you haven’t done your homework and shouldn’t invest at all!”

His comment elicited a "hit the bullseye" emoji response from Tesla CEO Musk, which may imply that Musk believed that the netizen pointed out the mistakes made by Chanos to the point.


While Chanos is now closing his hedge fund, he said in the letter that he also sees "substantial" short-selling opportunities, including in data centers and real estate investment trusts.