Elon Musk sells Tesla for “L’Argent de Poche” and wreaks havoc on the stock market. Word of Michael Burry
Elon Musk has decided to sell a part of his shares, in an evident way, starting a real avalanche in the price.
Michael Burry spoke about Musk this week, suggesting that Tesla's CEO would sell his stock because he pledged $ 88 million as collateral for a loan, so he had no choice but to sell. Even if it means breaking down their actions
" About what @elonmusk HAS to sell because of the proposed unrealized earnings tax, or for #solveworldhunger, or … well, there is the question of the tax-free money he took in the form of $ 88.3 million secured personal loans. of his shares as of June 30, ”Burry wrote in a now-deleted Tweet that was caught by the tabloid B usiness Insider .
Michael Burry also suggested that Musk's narratives about "solving world hunger" or "unrealized tax profits" are diversions from the very reason Tesla's CEO is selling.
Musk had 41% of his shares pledged as collateral in December 2020 and 48% in June 2020, the Insider reported.
As he usually does, Burry also made comparisons between today's market and the Dutch tulip bubble. He made a Brueghel painting titled "Satire of the Tulip Mania" in his Twitter header, showing tulip "investors" as monkeys, speculating, borrowing and fighting – in all the tulip "mania" he has had. place.
Burry, he recalls, revealed a huge Tesla short in early 2021, but he hadn't been betting against Tesla for a month and said his position was just a trade.
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Elon Musk article sells Tesla for “L'Argent de Poche” and wreaks havoc on the stock market. Word of Michael Burry comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/elon-musk-vende-tesla-per-il-largent-de-poche-e-semina-il-caos-in-borsa-parola-di-michael-burry/ on Wed, 10 Nov 2021 07:00:50 +0000.