MI2 Partners Thoughts From The Divide: Hopes and Dreams

When asked for his thoughts on Tesla Inc., whose stock Chanos has previously shorted, he drew on the Cisco parallel once again. “There’s always one stock in every bull market that has that, at least that imprimatur of, I call it hopes and dreams,” he said. “Everyone can really project their hopes and dreams onto that company and then value it any way they want. And Cisco was that company, by the way, in ’99. And [now] it’s undoubtedly Tesla.”
BY JON WEBB

MI2 Partners

Jul 03, 2025

When asked for his thoughts on Tesla Inc., whose stock Chanos has previously shorted, he drew on the Cisco parallel once again. “There’s always one stock in every bull market that has that, at least that imprimatur of, I call it hopes and dreams,” he said. “Everyone can really project their hopes and dreams onto that company and then value it any way they want. And Cisco was that company, by the way, in ’99. And [now] it’s undoubtedly Tesla.” “You could see Elon robbing a Brinks truck with a mask on or whatever [and people would say] ‘Oh, that’s Elon. I’m sure they’re going to have a new business of robbing Brinks trucks. And we’ll put a trillion [dollar] valuation on that,” he said.

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