Michael Burry has ridiculedTesla 's valuation and suggestedElon Musk knows the stock is overpriced.- The "Big Short" investor's fiery comments led Musk to call him a "broken clock" this week.
Michael Burry has publicly bet against Tesla, described the automaker's stock as a bubble about to burst, and accused CEO Elon Musk of selling his company's shares not because he wants to pay taxes or appease regulators but because he knows they're overvalued.
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Here are Burry's 12 best tweets about Tesla, Musk, and the electric-vehicle boom:
1. "What do $TSLA, $BTC, option gamma traders have in common? Rhymes with Rubble." — November 2020
2. "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." — December 2020
3. "Well, my last Big Short got bigger and Bigger and BIGGER too ... $TSLA $60 billion increase in market cap today alone ... 1 GM, 2 Hersheys, 3 Etsys, 4 Dominos, 10 Vornados ... Enjoy it while it lasts." — January 2021
4. "$TSLA below $100/share by later this year will not crash the system. There is no reflexivity in such a fall. But it would trigger the end of an era for a certain type of investing." — February 2021
5. "$TSLA and $BTC correlation coefficient is 0.951967 over the last six months. @elonmusk going for perfect unity? Nah, Elon dreams the impossible. He is determined to break unity. Correlation > 1. And he has history on his side. $TSLA and $BTC investors can make anything happen." — February 2021
6. "Chinese regulators summon Tesla on quality issues as consumers complain about quality ... but $TSLA bought $BTC. In my mind's eye, so much #digitalconfetti." — February 2021
7. "In the SF Bay Area, $TSLA vehicles are everywhere. May need two hands to count them at a stop light. Everyone I know owns 1+, though some have gone back to ICE. I've talked to industry players, down to the mechanics. Remarkably similar to 1999 and 2006." — February 2021
8. "Fads today (#BTC, #EV, SAAS #memestocks) are like housing in 2007 and fiber/.com/comm/routers in 1999. On the whole, not wrong, just driven by speculative fervor to insane heights from which the fall will be dramatic and painful." — March 2021
9. "Regarding what @elonmusk NEEDS to sell because of the proposed unrealized gains tax, or to #solveworldhunger, or ... well, there is the matter of the tax-free cash he took out in the form of personal loans backed by 88.3 million of his shares at June 30th." — November 2021
10. "Can $TSLA fall 80, 90%? After 2000, many high flyers did. $AMZN fell 95% 2 decades ago, changed its whole biz, and thrived much later. May 1, 2020 - $TSLA at $163/share is 'too high' and he was not kidding, said @elonmusk." — November 2021
11. "No, @elonmusk, the true test is achieving that without massive government and electricity subsidies on the backs of taxpayers who don't own your cars." — November 2021
12. "Let's face it. @elonmusk borrowed against 88.3 million shares, sold all his mansions, moved to Texas, and is asking @BernieSanders whether he should sell more stock. He doesn't need cash. He just wants to sell $TSLA." — November 2021