Dr Mike Burry (The Big Short) discloses a $534 million put option position in $TSLA today, his biggest position. Wow!

https://twitter.com/realwillmeade/status/1394357154908418052 Wall St lower w/Tech underperform as inflation unease lingers. Nasdaq 100 dropped 0.6% w/Tesla down 2.4% pic.twitter.com/M0ALGstaOv — Holger Zschaepitz (@Schuldensuehner) May 17, 2021 $vix again over 20 pic.twitter.com/6eBG5pLo6S — Álvaro Oviedo (@alvoviedo) May 17, 2021 Michael Burry of …

READ MORE

Uber Discloses 3-Yr $10-Billion Loss from Operations, Stalling Rideshare Revenue & 50 Pages of “Risk Factors” that Are Not for the Squeamish

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But it had big tax benefits and one-time gains. And Uber Eats is hot, so to speak. Uber Technologies’ IPO filing was made public today. The 330-page or so S-1 filing disclosed all kinds of goodies, including detailed …

READ MORE

Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”? SEC, Are You Checking Into This?

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Tesla never ceases to astound with its hype and promises and with its results that are just mindboggling, including today when it reported its Q2 “earnings” – meaning a net loss of $718 million, its largest net loss …

READ MORE