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© 2020 Relevant Protocols Inc.
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[https://www.businessinsider.com/big-short-michael-burry-tesla-stock-price-decline-market-crash-2021-2](https://www.businessinsider.com/big-short-michael-burry-tesla-stock-price-decline-market-crash-2021-2) "$TSLA below $100/share by later this year will not crash the system," the investor said. "There is no reflexivity in such a fall," he continued, dismissing the risk of a positive feedback loop where investors lose confidence and hoard their money, hurting the economy and scaring investors even more. "But it would trigger the end of an era for a certain type of investing," Burry added.
[https://www.businessinsider.com/big-short-michael-burry-tesla-stock-price-decline-market-crash-2021-2](https://www.businessinsider.com/big-short-michael-burry-tesla-stock-price-decline-market-crash-2021-2) "$TSLA below $100/share by later this year will not crash the system," the investor said. "There is no reflexivity in such a fall," he continued, dismissing the risk of a positive feedback loop where investors lose confidence and hoard their money, hurting the economy and scaring investors even more. "But it would trigger the end of an era for a certain type of investing," Burry added.
Last time he did his big short the market was irrational for 2 more years. He was close to giving up and barely more solvent than the irrationality. While he probably won't be wrong eventually, his timing isn't that great. He's already down 40% or 50% with his TSLA short as well. He's 100% right, Tesla will crash eventually. It's very reminiscent of MSFT and others in the .com bubble. But that doesn't mean there's not money to be made now. Just be aware of the risk.
Last time he did his big short the market was irrational for 2 more years. He was close to giving up and barely more solvent than the irrationality. While he probably won't be wrong eventually, his timing isn't that great. He's already down 40% or 50% with his TSLA short as well. He's 100% right, Tesla will crash eventually. It's very reminiscent of MSFT and others in the .com bubble. But that doesn't mean there's not money to be made now. Just be aware of the risk.
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