Tesla TSLA,
the missing sellers, caught at the wrong end of a $ 38 billion success in 2020, suffered the “biggest annual loss on the market” that Ihor Dusaniwsky of S3 Partners has ever seen.
One of those underwater in that profession: Michael Burry.
The investor, famous in books and films, “The Big Short”, for his prudent bet against the US real estate market, announced in early December that he was short-circuiting Tesla to “ridiculous” levels.
It was ugly for Burry and the rest of the shorts since then, with Tesla shares rising by more than 44% in the last month. In the last year, the stock has exploded to an 820% gain, making CEO Elon Musk the richest man in the world. On Friday, Tesla extended its record winning streak to 11 sessions in a row, closing with another record.
However, Burry doesn’t seem to be shaking.
“Well, my last Big Short has gotten bigger and bigger,” Burry said Thursday in a now deleted tweet. “Enjoy how long it takes.”
And enjoy it, with the shares rising by 8% that day alone.