(Reuters) Noted short-seller Jim Chanos of Kynikos Associates continued to add to his short position in electric car maker Tesla Inc (TSLA.O) throughout the year even as the company’s shares rallied, he said at the Reuters Global Investment 2018 Outlook Summit on Tuesday.
Chanos, who first disclosed his short position in Tesla in May last year, said he expected company co-founder and Chief Executive Officer Elon Musk to step down as CEO by 2020 to focus on his private rocketship company SpaceX as competitors such as BMW (BMWG.DE) and Porsche PSCH_P.DE expand their lines of luxury electric vehicles.
