Prominent short seller Jim Chanos mocked Elon Musk’s latest $25 trillion market cap projection for Tesla, according to his post on X. Musk said Tesla’s Optimus robot could exceed the value of all other company products, projecting a 10 billion-unit market worth $25 trillion. Chanos pointed out that these projections echo earlier promises that DOGE would save trillions, which were later revised to just $150 billion. Bank of America Securities criticized DOGE’s reported savings as overstated, citing misinterpretations of government contract structures.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02In short summer, Jim Chanos mocked Elon Musk's $25 trillion market cap projection for Tesla,
00:08according to his post on X. Musk said Tesla's optimist robot could exceed the value of all
00:12of our company products, protecting a 10 billion unit market worth $25 trillion.
00:17Chanos pointed out that these projections echo earlier promises that Doge would save trillions,
00:22which were later revised to just $150 billion. Think of America's securities criticized Doge's
00:26reported savings as overstated, citing misinterpretations of government contract
00:31structures. For all things money, visit Benzinga.com slash GSTV.