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A comment on Michael Burry warning of the biggest market bubble in history. Parent comment

Re:Michael Burry warning of the biggest market bubble in his... by paulpauper on Wednesday June 16, 2021 @02:18PM (#27531710)
People have been calling it a train wreck since it went public in 2010, at just a tiny fraction of its current price. Tesla has long exhibited a tendency of suddenly surging and defying the doubters, over and over.
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Re:Michael Burry warning of the biggest market bubble in his... by mywittyname on Wednesday June 16, 2021 @03:29PM (#27532468)
Telsa is running out of ways to keep their stock going. Musk used some market manipulation to squeeze shorts, which propped up their stock price. Then there was the inclusion in the S&P500, which opened up the floodgates from retail investors who are forced to throw a portion of their retirement at Tesla. That helped for a while. Now it looks like they are trading/manipulating crypto prices in an effort to keep their stock price going.

Telsa has absolutely defied the doubters. But I think they've reached the end of their bag of tricks. This crypto stuff might float them for another year or two, but eventually, the market is going to demand real revenue proportional to the value of the stock. When that happens, the fall is going to be epic. I wouldn't be surprised if stock plunge -> removal from S&P500 -> delisting -> private buyout at 1/1,000 of current price happens in the span of two months.

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Re:Michael Burry warning of the biggest market bubble in his... by aeternum on Wednesday June 16, 2021 @06:28PM (#27534193)
If the EV market continues to grow by 173% YoY and Tesla continues to lead sales, then it's unlikely the market will demand real revenue for quite awhile. Investors are quite happy with companies that can maintain that kind of growth.

https://insideevs.com/news/504647/global-plugin-sales-march-...

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Re:Michael Burry warning of the biggest market bubble in his... by rualca on Wednesday June 16, 2021 @07:38PM (#27534725)
> If the EV market continues to grow by 173% YoY and Tesla continues to lead sales (...)

Tesla's market share is dropping, and it just tanked to its lowest level in two years.

https://www.businessinsider.com/tesla-market-share-april-low...

https://www.bloomberg.com/news/articles/2021-06-02/tesla-hea...

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Re:Michael Burry warning of the biggest market bubble in his... by rad_gruchalski on Wednesday June 16, 2021 @10:28PM (#27535627)
VW now sells more evs in Europe than Tesla. Tesla will not be able to compete with legacy (lol) manufacturers. BMW, Daimler, Toyota and GM are not sleeping either. The fall of Tesla will be of epic proportions.
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Re:Michael Burry warning of the biggest market bubble in his... by aeternum on Thursday June 17, 2021 @12:00AM (#27536024)
It's true that VW sells more in Europe, but is Model Y generally available in most European countries yet?

Given sufficient demand, it makes more sense to sell cars locally vs. pay export and tariffs. If Tesla is still not able to compete once the Berlin factory is up and running, then I concede the point.

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Re:Michael Burry warning of the biggest market bubble in his... by andrewmcwatters on Wednesday June 16, 2021 @03:13PM (#27532282)
This is just lazy handwaving. There have been entire years where Tesla was below fair value. Now it’s not, and dramatically so.

The price itself has nothing to do with it.

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Re:Michael Burry warning of the biggest market bubble in his... by anunnymouse on Wednesday June 16, 2021 @02:54PM (#27532101)
Yes that's right. The halting problem does not actually exist in the financial world.
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Re:Michael Burry warning of the biggest market bubble in his... by rvbissell on Wednesday June 16, 2021 @03:14PM (#27532289)
I estimate 99% probability of sarcasm.
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