Jim Chanos says he's still betting against Elon Musk's Tesla: It's a 'cult stock'

  • Famed short-seller Jim Chanos told CNBC on Tuesday he is still short on Tesla.
  • "We've been pretty accurate on most of the things we've said about the company — not the stock, certainly," he said.

Famed short-seller Jim Chanos told CNBC on Tuesday he's still betting against Tesla.

"We've been pretty accurate on most of the things we've said about the company — not the stock, certainly," said the founder and managing partner of Kynikos Associates.

He spoke on "Fast Money Halftime Report" from New York City at the 2017 Delivering Alpha conference — presented by CNBC and Institutional Investor.

Last year, Chanos voiced questions about the profitability of Tesla's business, and called the deal between the electric automaker and solar solutions firm SolarCity a "shameful example of corporate governance at its worst."

Tesla co-founder and chief Elon Musk had been chairman of SolarCity when it was a public company. SolarCity was founded by Musk's cousins.

Chanos said Tuesday Tesla is a good example of a cult stock "whereby the market will look at it anyway it wants to, in a glass-half-full kind of mode."

Shares of Tesla are up more than 70 percent so far this year.

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