Jim Chanos (Trades, Portfolio), the famous short-seller, thinks that solar power is going to be accepted much more rapidly than most people think.
Despite this bullishness, he is very bearish on SolarCity Corp. (SCTY, Financial). In fact, he is short the stock and wants to short more.
The reason is SolarCity is burning cash at a very rapid rate and is knocking on the door of customers now trying to get them to commit to technology that is going to be antiquated very quickly.
Chanos also said that he is short all of the major leveraged oil companies because he thinks their stocks have held up much better than the price of oil.
