Friday, June 13, 2025

Latest

Michael Burry Takes Aim at Tesla, Rivian in Latest Twitter Rant

‘The Big Short’ Michael Burry has taken to twitter to voice his frustrations with Tesla (NASDAQ: TSLA) once again, this time taking aim at rival EV maker Rivian (NASDAQ: RIVN) and its explosive IPO.

Burry logged back into his twitter on Friday morning to call out Tesla CEO Elon Musk’s recent comments on rival Rivian. In typical Musk fashion, the billionaire couldn’t help but lambast Rivian’s explosive market debut earlier this week, asserting that his company is far more superior because it’s the first “American carmaker to reach high volume production and positive cash flow in past 100 years.”

But, Burry was quick to correct Musk’s gloating, reminding the billionaire that receiving hundreds of millions of dollars in government subsidies doesn’t exactly count as a substantial achievement, either.

“No, @ElonMusk, the true test is achieving that without massive government and electricity subsidies on the backs of taxpayers who don’t own your cars,” Burry said in a since-deleted tweet, quoting Musk’s comment. Rivian, which made its blockbuster IPO earlier this week and has since accumulated a market value of $100 billion— larger than GM and Ford— has only ever made a paltry 156 vehicles and has yet to even generate revenue.

Also earlier this week, Burry published a tweet implying an ulterior motive for Musk’s recent eagerness to sell Tesla stock, accusing the billionaire of distracting investors with his twitter poll and comments about solving world hunger. Instead, the head of Scion Asset Management suggested that Musk must actually sell his Tesla stock to service personal debt.


Information for this briefing was found via Twitter and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Aznalcóllar Corruption Case Nears Conclusion | David Gower – Emerita Resources

Why Precious Metals Crashed on Trump’s Trade Deals? | Jesse Day

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

Recommended

NexGen Energy Receives Approval For Site Expansion At Rook I Project

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Related News

Twitter Gets Offended After Reuters Reports that Tesla Missed Q1 Wall Street Estimates

Twitter didn’t like that Reuters on Sunday reported that electric carmaker Tesla had missed its...

Monday, April 3, 2023, 02:18:00 PM

Tesla Shares Have Exploded Higher In The Last Five Weeks – But Why?

Tesla, Inc. (NASDAQ: TSLA) has been perhaps the face of the impressive bull run in...

Sunday, June 18, 2023, 01:49:00 PM

Tesla Subpoenaed By SEC Related To Go Private Settlement Agreement

Tesla (NASDAQ: TSLA) continues to be in hot water as a result of the actions...

Monday, February 7, 2022, 08:55:20 AM

False Advertising Ban: Tesla Might Need To Tone Down “Full Self-Driving” Claims In California

A California bill targeting Tesla’s (NASDAQ: TSLA) Full Self-Driving program was passed by the Senate...

Thursday, September 1, 2022, 04:32:00 PM

Geico Reportedly Drops Coverage for Tesla’s Cybertruck For Some Consumers

Geico (NYSE: BRK.B), one of the largest insurance providers in the United States, may have...

Tuesday, June 18, 2024, 03:47:00 PM