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"Big Short" Michael Burry shorts TSL: Valuation is too outrageous
[Block Rhythm] “Big Short” Michael Burry is at it again, and this time he's targeting TSL.
He recently made a public statement that he is shorting TSL stock. The reason is straightforward - the valuation is too exaggerated.
The name Burry is no stranger in the investment circle, known for accurately predicting the subprime mortgage crisis years ago. Now he is bearish on Musk's electric vehicle empire, believing that the stock price has seriously deviated from its fundamentals.
How will the market react? We'll wait and see.