Michael Burry's Tesla, Caterpillar Shorts Now in Profit
The Scion Asset Management founder publicly disclosed multi-million-dollar puts against Tesla and Caterpillar in 2024, and CNBC is now flagging the trade as in the green as both stocks lag.
Every Zipp story tagged #TSLA, newest first.
The Scion Asset Management founder publicly disclosed multi-million-dollar puts against Tesla and Caterpillar in 2024, and CNBC is now flagging the trade as in the green as both stocks lag.
Short-term dips are normal, the Tesla and xAI founder argues, because accelerating AI and robotics productivity gains leave the long arc intact despite near-term volatility.
The 50% post-IPO spike and ~34% drawdown in five sessions mirror the 2010 Tesla playbook almost bar-for-bar, but the missing piece is the S&P 500's second-half correction that has yet to arrive.
The SpaceX mark move wiped a Warren Buffett-sized fortune in a single session and resets Musk's net worth to $1.1T, with $TSLA and xAI stakes now doing the valuation heavy lifting.
SpaceX, Elon Musk's private aerospace and satellite giant, is projected to trade above a $2 trillion valuation upon its…