The real reason Tesla’s market cap has dropped 30%

Everyone’s pontificating re Tesla’s share price drop. It’s down around 30% from January 2021 highs. The typical explanation is that interest rates are expected to rise so investors are selling volatile stocks. Maybe, but I think there’s more to it. I think, in the case of Tesla, additionally, the company has become so mainstream that …

Continue reading The real reason Tesla’s market cap has dropped 30%

Long short Michael Burry is wrong this time. Here’s why.

Famous ‘long short’ Michael Burry is predicting a 2000 dotcom or 2008 housing-like bubble with Tesla & Bitcoin. In the medium and long-term he’s wrong. Yes, these market caps are a little high right now. We may indeed see a short-term mini-burst in either of these stocks. But Tesla has a vast well-grounded future in …

Continue reading Long short Michael Burry is wrong this time. Here’s why.