Personally I loved every bit of the GME show and I'd love to see short sellers get squeezed on TSLA as well. Shove it to them. We don't need pessimists in this world.
Short sellers aren’t pessimists. They’re realists.
Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
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Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#12It sounds like the short thesis is centered around Tesla’s revenue coming in large part from regulatory credits.
If you take out credits and crypto, they look like most other car manufacturers, struggling to make a profit.
> As more automakers produce battery electric vehicles of their own, ostensibly fewer will need to purchase environmental regulatory credits from Tesla, which they have done in order to become compliant with environmental regulations.
> In the fourth quarter of 2020, Tesla’s $270 million in net income was enabled by its sale of $401 million in regulatory credits to other automakers.
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#13one thing i learned, do not short scammers!
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#14>Michael Burry is long puts ....so short?
Puts and shorts aren’t the same thing.
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#15Teslas price is just too high. I think they will be very successful and become a big, dominant car maker.
But their price only makes sense if they end up being the only car maker left.
That's not realistic. Building an electric car is not that hard, especially if Tesla already did all the hard lifting for you.
For a while I was thinking that the battery play - becoming the number 1 battery supplier - will justify the price, but what I see right now looks like there is many players, old and new, moving in.
I won't short them tough, in the end I'm just a dog on the internet and have no clue how stonks work.
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#16Personally I loved every bit of the GME show and I'd love to see short sellers get squeezed on TSLA as well. Shove it to them. We don't need pessimists in this world.
we need rational thinkers. over optimism can be just as dangerous as pessimism
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#17> $530 million bet
> long puts against 800,100 shares
I find the title misleading. Unless I misunderstand, Michael Burry has not actually put $530M of his money at risk. He's made a much smaller, leveraged bet. $530M is just the notional value.
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#18Also related, since we are talking about Michael Burry (alias Cassandra on twitter), besides the subprime mortgage shorting in 08, another interesting bet he made was with GME (gamestop) against the shortsellers. To clarify, Burry was long on GME, I think his bet was done in January, and ended it late december, so very likely more than 5x returns.
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Not sure how it's ironic, since the GME community hates the shorts, and he's betting against the shorts?
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#19Also related, since we are talking about Michael Burry (alias Cassandra on twitter), besides the subprime mortgage shorting in 08, another interesting bet he made was with GME (gamestop) against the shortsellers. To clarify, Burry was long on GME, I think his bet was done in January, and ended it late december, so very likely more than 5x returns.
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the GME community was long GME, against the shortsellers. So if he did bet against the shortsellers, no it's no ironic.
Re: Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
#20“The stock market can remain irrational longer than you can remain solvent.”