The analyst states that Burry is shorting TSLA, implying a bearish stance on the stock despite the analyst's view that betting against Elon Musk is unwise.
Burry is shorting TSLA during a bullish ascending triangle and Wave 3, but the analyst suggests that shorting a company that innovates and led by Elon Musk is not smart.
Burry shorting $TSLA in a bullish ascending triangle In Wave 3 And a company who actually innovates Is not a smart move. Elon is the last person I would bet against
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.1% | +1.3% |
| 1 week | -4.2% | -4.3% |
| 1 month | -26.6% | -25.9% |
| 3 months | — | — |
| 6 months | — | — |