Musk commented on his competitor's blockbuster IPO by saying the "true test" is whether Rivian can achieve high production and breakeven cash flow.īut Burry tweeted back at him: "No, the true test is achieving that without massive government and electricity subsidies on the backs of taxpayers who don't own your cars." Burry later deleted the tweet, something he's known for doing. In Rivian's public debut this week, the company scored a valuation higher than that of legacy automakers like Ford and General Motors. ARKK is up 30 percent year over year but has dropped around 8 percent in 2021 as Wood’s. Michael Burry hit back at Tesla's Elon Musk on Twitter Friday for the second time this week, sparring this round over electric-truck maker Rivian. Michael Burry made famous in The Big Short is betting Cathie Wood’s fund will go down. The 'Big Short' investors fiery comments led Musk to call him a 'broken clock' this week. That book is You Can Be A Stock Market Genius by Joel Greenblatt. Michael Burry has ridiculed Tesla s valuation and suggested Elon Musk knows the stock is overpriced. If you read the book version of The Big Short, you might catch that there’s one book recommended by both Burry and Jamie Mai (the president of Cornwall Capital). Burry received initial funding for Scion Capital from the veteran investor Joel Greenblatt (a fan of Burry’s financial. Burry later deleted his tweet, something he does regularly. Michael Burry’s Recommended Reading List Part 2. Michael Burry is a former neurosurgeon who became the head of Scion Capital, one of the firms that correctly predicted the financial crash and made money from a short position.EV-maker Rivian, a Tesla competitor, had a blockbuster IPO this week.The Big Short's Michael Burry sparred with Elon Musk on Twitter over what Rivian's "true test" would be.
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