It's your turn! Michael Burry warns of a similar fate for Tesla
When it gets here, I'll give you a call and you'll come pick it up -- Donnie $Netflix (NFLX.US)$shares tumbled over 25% in the after-hours session on Tuesday as the company reported its first subscriber-loss since 2011. The streaming video on a giant demand platform reported losing about 200,000 subscribers in the first quarter. The SVOD space sees intense competition.$Disney (DIS.US)$and$Amazon (AMZN.US)$all have units that cater to this market alongside services like Hulu, HBO and Peacock. MB stated that the electric vehicle space is getting similarly crowded — with participation from both upbeat pure-EV startups and legacy automakers like$Ford Motor (F.US)$that are dedicating billions of dollars to transition their gas-powered vehicles to electric variants. It is worth to mention that Burry has bet against Tesla in the past but in October said he was no longer shorting the stock of the Elon Musk-led company. You want to know about Michael Burry, this man shot to fame for his prediction of the subprime mortgage crisis of 2007-2010 and being able to profit from it.
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Cardinal-BagHolder : Burry might be right but hes also a shorter and shorts can get bent as they are usually the cause for companies going broke.
alsmoov OP Cardinal-BagHolder : aha...
Celestinel : Don't worry, war is "good" for the stock market.
alsmoov OP Celestinel :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)