"Jim Chanos Criticizes Elon Musk Fans as He Closes Tesla Bear Funds"

Jim Chanos, the legendary short-seller and longtime Tesla bear, criticized Elon Musk's supporters in an expletive-laden post on social media. This comes shortly after it was reported that Chanos would be shutting down his hedge funds. Chanos referred to those who believe rocket explosions are a success as "cult members" and urged them to "sit down and STFU." The reasons behind Chanos' tirade are unclear, but he had already made headlines for his plans to close his funds by the end of the year. His funds currently manage $200 million, down from $6 billion in 2008, and have experienced a 4% decline this year, while the S&P 500 has risen 18%. Chanos gained fame for correctly predicting Enron's collapse and has been a vocal critic of Tesla, calling it a "hopes and dreams stock" that is overvalued.