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Famed Short Seller Jim Chanos Slams Elon Musk's 'No Need To Save Money' Narrative: 'No Need For Elevated Stock Prices Then, Either' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
Benzinga· 2025-12-22 08:17
Legendary short seller Jim Chanos has publicly disagreed with Elon Musk's economic vision by highlighting a paradox in his dismissal of savings.Musk Vs Chanos: The Twitter SpatIn an X post on Dec. 20, Chanos argued that if Musk's prediction of a ‘no poverty’ future is correct, the very stock market that fuels Musk's vast fortune would become obsolete.The exchange began after Musk, the world’s richest man, dismissed a massive philanthropic effort tied to the new “Trump Accounts.” Musk tweeted that while the ...