we'll talk to charlie fast speaking with jim chanos. what did he i say? rsing amorphous text, i interviewed jim many times on tesla, trying to get my hands around his position on this which was a max short position. he was short. the max he does is in his hedge fund. i always raised a question with him, how do you short a stock that is boosted by a combination of iraqal exuberance, government handouts and and a cult? he could never really answer that question in my view right. he is right, maybe on the metrics, on the financials but he could never answer that question until today, he did answer that question he said, it is really impossible to short this stock right now. says he reduced his position. he still has a small short position. he reduced it but it is telling, liz. this stock was one of the most controversial stocks over the last four years. you and i have, have recorded the travails of elon musk. jim chanos doesn't believe the stock is zero anymore. that is saying a lot about this company. now that doesn't mean the company is out of the woods. th

emily: jim chanos. bloomberg has reached out to tesla for response.third quarter earnings beat estimates largely. will that change once the vaccine is finally underway? we will hear from the president of client solutions group, next. this is bloomberg. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. - any idea how much it will cost? - you have a choice. insurance or goodrx. - i have insurance. - insurance is not what it used to be. people struggle to get their prescription covered and prices keep rising. i recommend goodrx. you get free coupons to save on your prescriptions. - [narrator] compare prices to get the best discounts. - goodrx, smart. - [narrator] stop pa

investor jim chanos has reduced the size of a tesla short that he calls painful.ll hear from him next. ♪ ♪ another exclusive conversation, tim cheney was has trimmed -- jim chanos has trimmed his position on tesla. he is not done just yet. he spoke with scarlet fu. >> i think that it is really a business model and valuation issue with tesla. there are things we don't like about their accounting as well. this is a company trading at half $1 trillion market gap. revenues of $30 billion. despite what everybody says, they are still in automobile company. they are competing with other companies that make cars. increasing, those other companies have ev's as well. every market has a stock that people pin their hopes and dreams on. certainly, one of those stocks this go around is tesla. for some holders, it is an ev company. for other holders, it is a clean energy company. for others, it is an autonomous vehicle company. it is whatever they want to believe elon musk is touting. tesla hasint out that not made any money selling cars. whatever profit they have shown has been

today, i'm talking to jim chanos, whose firm is celebrating its 35 years in business. his name pointing out questionable practices and identifying fraud. he now says central banks reports along with retail speculation is creating excesses, underpinning what he calls a golden age of fraud. jim: the longer a bull market goes, the longer people's sense of disbelief

chanos of was jim kynikos associates speaking with scarlet fu.s not the only one to say i'm not max short. goleman sachs, their analyst is upgrading tesla to about a from neutral,buy i should say. they say the shift towards battery vehicle adoption is accelerating. i feel like it is a little late to the tesla party. battery prices have been falling for a long time. but who am i to judge? guy: and it is quite a big upgrade as well. the other thing i will point out is that you can argue the germans are getting into gear. you can't talk about years when you talk about electric cars. germany is about to overtake california in terms of its adoption of electric vehicles. europe is beginning to gain traction here. it is going to be interesting to see whether or not that changes the balance between the carmakers and the electric carmakers. it is going to be fascinating to see how the likes of bmw and daimler get going on this one. alix: people are going to need to buy a lot of ev's. still ahead, we will take a look at what bidens presidency means for u.s

jim chanos, the famed short seller who called out enron now waving the white flag, calling his five-yearst tesla painful. as a result, he's reduced his short bets from 5%. still has a little bit left, he says. he says for the first four years, it wasn't a bad trade to short tesla but in the past year, has killed the shorts with a 700% rally. by the way, tesla set to enter the s&p 500 in just a few weeks. sixth largest company on the broader index when it debuts, largest ever added and elon musk, second richest on the planet, guess how much he's worth? stuart: $139 billion? susan: not bad, right? thanks for reading off my script. chanos says he's never actually met elon musk and says if i had something to say to him, job well done. stuart: $139 billion. one more for you, the big movers this morning, early going, four minutes in. susan: walgreens higher this morning. we have options activity betting the company will eventually be bought up by a large private equity group, kkr. monster valuation, worth as much as $55 billion last report. there are concerns that traditional pharmacies are go