‘Big Short’ investor Michael Burry Reveals He’s Short Tesla, Tells Elon Musk to Issue More Stock at Its ‘Ridiculous Price’ (Business Insider) The famed investor Michael Burry has revealed that he’s short Tesla and advised CEO Elon Musk to issue more shares while they sit what Burry called their “current ridiculous” levels. Tesla shares have rallied more than 575% this year, boosted more recently by the company’s coming inclusion in the S&P 500 and fading profitability concerns. Some of Wall Street’s more bearish analysts have turned more optimistic toward the stock, and favor from waves of retail investors has further supported Tesla’s lofty valuation.
Man. Look up his Twiter feed, he is going boinkers... https://twitter.com/btcscioncapital?lang=en "Kayleigh McEnany is absolutely amazing at her job. Period." "Soooo.... we all do some crazy stuff with money sometimes, right? I may have just bought 10 call options for #TSLA at a $1000 strike price at an end date of September 16th, 2022 . 10:54 AM · Oct 1, 2020·" "Completely disagree, how has the Republican Party become the party of acceptance, logic, and reason, and the Democratic Party become full of social justice, racial quotas, and riots. No way Biden wins, I’d bet everything I own on a Trump win too"
Real parody doesn't typically take sides - over and over. IMO his sentiment is plainly obvious and real.
If between now and the expiration, Tesla decides to split again, say 2:1, will the options autoadjust somehow to reflect a new strike of $500?
A friend of my knew the Sub Prime Brokers were distorting their books back in 2005 and kept shorting and shorting. He was eventually correct when 2008 finally started showing cracks in the System. By than he lost a fortune trying to prove his was right and they were wrong.