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Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

johnNjohnN
edited May 2021 in Other Investing
https://www.google.com/amp/s/www.cnbc.com/amp/2021/05/17/michael-burry-of-the-big-short-reveals-a-530-million-bet-against-tesla.html

Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

KEY POINTS
Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission.
Burry was one of the first investors to call and profit from the subprime mortgage crisis.
Burry previously mentioned in a tweet, that Tesla's reliance on regulatory credits to generate profits is also an impediment to the company's long-term prospects****


No pain _no play no gain
You may need to go * all in * sometimes to win it big

Comments

  • CrashCrash
    Whoa. This is big. I recall at the end of "The Big Short" that the ONLY thing Burry now invests in is WATER. So, that has changed. For sure.
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