The Man Who Predicted the Housing Market Crash Just ‘Went Short’ on Tesla
Wisethero
English - February 12, 2021 03:30 - 5 minutes - 6.48 MBSociety & Culture Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Ifthere’s anything that I have learned in my investing journey thus far, it’s been to ‘never bet’ against Elon Musk. Whenever the skeptics went ‘short’ on Tesla a vast majority of traders had lost money betting against this “extraordinary billionaire visionary”.
In short Elon Musk can be compared to a ‘real-life Tony Stark’: “Genius, Billionaire, Playboy, Philanthropist”.
But Dr. Micheal Burry who is well known for his bets against big banks during the 2008 housing market crash has recently gone on Twitter to express his views about Tesla, and this clash of the titans has Wall Street in shackles.
According to a recent tweet, the veteran investor stated the following:
“So,@elonmusk, yes, I’m short $TSLA, but some free advice for a good guy… Seriously, issue 25–50% of your shares at the current ridiculous price.That’s not dilution. You’d be cementing permanence and untold optionality. If there are buyers, sell that #TeslaSouffle”