Tesla's self-driving tech is probably worthless on resale, short-seller Jim Chanos says
But Jim Chanos isn't sold on the idea, and says the tech probably has near-zero value in the resale market. Veteran short-seller Jim Chanos has taken aim at Tesla's self-driving technology, saying the add-on offering probably has near-zero value in the resale market for cars.
"Remember that Musk has said that owning an FSD package will increase the value of your $TSLA vehicle by multiples of the FSD package cost itself. Yet ascribes almost no value to it upon repurchase. In fact, over time itTesla's Full Self-Driving kit costs $15,000 to install in the company's, and buyers are treated as beta testers whose feedback improves the technology. So far, around 100,000 people have chosen to add the feature.
Tesla's goal to achieve level 5 is one of the factors behind its $869 billion market cap and has been swept up in theBut Chanos, whose reputation as an investment manager was built upon sniffing out fraud on Wall Street and launching successful bets against offending companies, hasn't minced words about Tesla's FSD tech.
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