Wellness

'Big Short' investor Michael Burry predicts Tesla stock will collapse like the housing bubble: 'Enjoy it while it lasts'

13 days ago   |   By Business Insider

Netflix/The Big Short
Michael Burry, whose lucrative wager on the US housing bubble's collapse in 2007 was captured in "The Big Short," expects Tesla stock to implode in a similar fashion. "Well, my last Big Short got bigger and bigger and BIGGER too," the Scion Asset Management boss tweeted. "Enjoy it while it lasts." Burry highlighted that Tesla gained about $60 billion in market capitalization on Thursday, the equivalent of General Motors' entire market value. The Scion chief disclosed in December that he's shorting Tesla, slamming its stock price as "ridiculous." Visit Business...
Read more ...

 


Search by Tags

   Wellness      Fashion      Business      Markets      Finance      Investing      Michael Burry      Big Short      Scion Asset Management      Tesla      Elon Musk      Stocks      Housing Bubble  


Singapore Airlines set to launch COVID-19 testing trial

Singapore Airlines set to launch COVID-19 testing trial

All passengers flying Singapore Airlines outbound from Singapore and Indonesia will now be able to book pre-departure polymerase chain reaction and serology tests as part of a... Read more ...

NZ Tourism finding it hard to fill $6b hole left by missing int'l travellers

NZ Tourism finding it hard to fill $6b hole left by missing int'l travellers

New Zealand's tourism industry is struggling to fill a $6 billion hole left by international tourists who could not visit New Zealand during the summer months. Tourism Industry... Read more ...

Australia tourism chiefs urging the federal government to extend...

Australia tourism chiefs urging the federal government to extend jobkeeper-style payments for workers in tourism

Tourism chiefs are urging the federal government to extend jobkeeper-style payments for workers in the sector beyond March, following predictions that international travel will... Read more ...

Where Exactly Does Joe Biden Plan To Put 550,000 EV Charging Stations?

Where Exactly Does Joe Biden Plan To Put 550,000 EV Charging Stations?

There has been a lot of talk today about President Joe Biden's first day executive orders. One EO that has long been promised paves the way forward for mass electric vehicle... Read more ...

Engineer Who Compared Tesla Model 3 Quality To 'A Kia In The '90s' Buys...

Engineer Who Compared Tesla Model 3 Quality To 'A Kia In The '90s' Buys Another Model 3. Here's What He Found

Sandy Munro, the manufacturing expert who once said an early Tesla Model 3 had fit and finish issues similar to “a Kia in the '90s” now has a new Model 3. Munro just gave his... Read more ...

China steps up COVID-19 vaccine drive ahead of Lunar New Year

China steps up COVID-19 vaccine drive ahead of Lunar New Year

When American restaurant worker Simon Sunwoo was offered a Chinese-made COVID-19 vaccine in Shanghai this month through his employer he jumped at the chance. “They wouldn't... Read more ...

Trump Pardoned The Uber Engineer Who Wanted To Make An A.I. God

Trump Pardoned The Uber Engineer Who Wanted To Make An A.I. God

Trump managed to wedge in a pardon for Anthony Levandowski, the engineer charged with fleeing Google for Uber with trade secrets in tow and got caught up in a massive lawsuit... Read more ...

Valentine's Day 2021: Luxury Gifts For Her

Valentine's Day 2021: Luxury Gifts For Her

As Valentine's Day creeps closer, it's clear that 2021 celebrations will be unlike any before. However, staying home shouldn't mean that the gifts are any less special. To help... Read more ...

Singapore Airlines to vaccinate crew against COVID-19

Singapore Airlines to vaccinate crew against COVID-19

Singapore Airlines has launched a bid to vaccinate all its crew against the COVID-19 virus. Similar to a scheme proposed by Dubai-based rival Emirates, the Singapore... Read more ...

This Hyundai Santa Cruz Test Mule Gives Us Hope That Hyundai Will Finally...

This Hyundai Santa Cruz Test Mule Gives Us Hope That Hyundai Will Finally Sell A Small Pickup

This weekend, 18-year-old Jalopnik reader Ethan Fass from Colorado sent Jalopnik photos of a camouflaged pickup truck parked alongside a number of new Hyundais. Let's have a... Read more ...