Michael Burry takes swipe at Elon Musk on Twitter
Michael Burry tweets are few and far between, but when he does them, they tend to be feisty.
Then, shortly after his tweets create a stir on social media, Burry has a habit of deleting them.
His latest target is none other than Tesla CEO Elon Musk.
Burry took aim at Tesla’s use of government subsidies “on the backs of taxpayers who don’t own your cars”.
well..... Burry DOES have a point.— ZION LION (@__ZionLion__) November 12, 2021
Musk is said to be backed by the SEC, CIA, NASA, too.
SEC keeps "forgiving" him, for actions.
CIA arm his satellites, with surveillance gear.
NASA gives him, whatever the government tells them.
"EFFICIENT MARKETS"... WHERE ?! https://t.co/nm07s48vsh
Burry, whose tweet is now deleted, was responding to a tweet by Musk in which the businessman wished rival American EV manufacturer Rivian well following their recent stock market debut.
“I hope they’re able to achieve high production & breakeven cash flow,” Musk said. “That is the true test.”
“There have been hundreds of automotive startups, both electric & combustion, but Tesla is only American carmaker to reach high volume production & positive cash flow in past 100 years.”
I hope they’re able to achieve high production & breakeven cash flow. That is the true test.— Elon Musk (@elonmusk) November 11, 2021
There have been hundreds of automotive startups, both electric & combustion, but Tesla is only American carmaker to reach high volume production & positive cash flow in past 100 years.
It was seemingly cordial stuff until Burry, who was famously shorting Tesla stock, entered the fray.
Comments were also made by Burry earlier this week suggesting that Musk’s decision to sell Tesla stock may be to cover his debts.
'The Big Short' investor Michael Burry says Elon Musk may want to sell Tesla stock to cover his personal debts — and compares the current market to the Dutch tulip bubble https://t.co/7FbVI8mSLn— Markets Insider (@MktsInsider) November 9, 2021
Burry also revealed that he was no longer shorting Tesla, amid speculation that he was squeezed out as investors continued to put faith in the EV company’s stock.
His recent tweet suggests there is some animosity between the two, or at least on Burry’s side.
So far, Musk has resisted the temptation of firing back.
With the Tesla share price down by 10% over the past five days, as Elon Musk unloaded some of his stock following his Twitter poll, the story is very much unfolding.
Tesla share price slides upon conclusion of Musk’s Twitter poll— Russian Market (@russian_market) November 8, 2021
Shares in Tesla fell by over 4% on Monday after more than 3.5m people voted in a Twitter poll which concluded that Elon Musk should sell a 10% stake in his company https://t.co/V3eBrzPvy1