Michael Burry disclosed a fresh basket of shorts against Tesla, Nvidia, Caterpillar, Applied Materials, and the semiconductor sector on June 30. Within days, several of those same corners of the market started cracking.
The Setup: Burry’s Basket...
Tesla shares sank about 7.5% on July 2, their worst single-day decline in nearly a year. The drop came even after the company reported second-quarter deliveries far above Wall Street’s expectations.
The selloff came just three trading days after...
Cathie Wood bought $529.7 million of SpaceX stock on its first day of trading and sold Tesla shares at the same time. Both companies belong to Elon Musk, but Wood’s conviction has clearly shifted.
The trades came on June 12, SpaceX’s IPO day, when...
Former Ferrari chairman Luca di Montezemolo warned that the brand’s first all-electric car risks “the destruction of a legend,” adding sarcastically that at least the Chinese would not copy it.
The Luce, unveiled in Rome on May 25, is priced at...
Solana’s official X account posted a redesigned image of Ferrari’s new Luce EV in the blockchain’s signature purple-to-teal gradient, captioning it “Fixed it.” The post landed hours after Ferrari unveiled the Luce in Rome as RACE stock fell more...
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