Chanos Has Given Up on Trying to Figure Out Tesla

Famed short-seller Jim Chanos shares his thoughts no Tesla and Elon Musk on the latest edition of Odd Lots.
“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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