Burry has been predicting the fall of TSLA for months. On Sep 22 he compared its market cap / total revenue (17.84) and -$69M EBIT to the other top 32 global auto makers (0.35 and $100B EBIT).[1] Even back then the market cap / EBIT of TSLA (-6,353) looked crazy compared to that of the global auto industry w/o TSLA (8.08).
Then Tesla released its 3rd quarter earnings (which moderately surpassed Wall Street's expectations) and the stock has since risen dramatically. Burry's argument that TSLA is overvalued appears cogent based on Sep 22 data and more so today.
Burry deleted hundreds of his tweets from 2020.[2] He should stick to picking stocks. His #FauciFraud nonsense was irresponsible.[3]
If you believe in Tesla enough to put everything you can spare into the stock, then bears are only helping you by increasing the amount of time you have to buy in. If you don't believe in Tesla, then why worry about other people who don't?
Then Tesla released its 3rd quarter earnings (which moderately surpassed Wall Street's expectations) and the stock has since risen dramatically. Burry's argument that TSLA is overvalued appears cogent based on Sep 22 data and more so today.
Burry deleted hundreds of his tweets from 2020.[2] He should stick to picking stocks. His #FauciFraud nonsense was irresponsible.[3]
[1] http://web.archive.org/web/20200924024110/https://twitter.co... [2] http://web.archive.org/web/20200523143011if_/https://twitter... [3] http://web.archive.org/web/20200410021906if_/https://twitter...