Michael Burry is betting against Tesla. And the logic seems good.
Top 32 Auto companies combined vs Tesla
Revenues: 2.2 trillion$ vs 24.5 billion $
EBIT : 102 billion$ vs -70 million$
Market cap: 991 billion$ vs 646 billion$
Will be interesting to see how this short goes.
@Sergei1544 @M_PaulMcNamara I'm half way though. Ruchir likes meaningless statistics, like "20 out of 30 countries under dictatorships that grew above 5%, etc. etc..", I'd rather have deep dive into each case (historical perspective to see what's gone wrong/right).. Otherwise, Okay.