Elon Musk vs Steve “Big Short” Eisman..Who Do You Have Your Money On?
This fight is shaping up to be better than the floyd mayweather vs conor mcgregor fight. In one corner, out of South Africa, worth $20 billion, an serial entrepreneur, a visionary, CEO of the hottest technology car manufacturer in the world and loves to rant on Twitter…Elon Musk!!!
In the other corner, out of New York City, an American businessman and investor who gained notoriety after being profiled by Michael Lewis in his book The Big Short: Inside the Doomsday Machine and the move The Big Short… Steve “Big Short” Eisman!!!
The Big Short is a 2015 film based on the 2010 book The Big Short: Inside the Doomsday Machine by Michael Lewis about the financial crisis of 2007–2008 which was triggered by the United States housing bubble.
In the movie Michael Baum, a fund manager discovers that the US housing market was about to collapse due to high-risk subprime loans. He created a credit default swap market, allowing him to bet against market-based mortgage-backed securities.
His bet took time to play out and in the process angered his clients because they thought is wasn’t a great use of capital. Many clients wanted out of the fund, but Michael refused withdrawals. The housing market did eventually collapse and his fund's value increases by 489% with an overall profit of over $2.7 billion.
Tesla is scheduled to announce earnings on Aug. 1. Elon Musk is dealing with cash flow issues, but he told Wall Street he didn’t have to raise more money. Tesla lost nearly $2 billion last year and has about $3 billion in cash left in the bank.
Tesla is also challenged with meeting Model 3 production rate goals.
Steve “Big Short” Eisman thinks Elon is highly intelligent, but has sold many “wolf tickets,” has issues executing and the electric car competition is right around the corner.
So who are you putting your money on? Both are extremely smart and strange individuals. Elon has all the accolades, but Eisman is one of the few investors to successfully bet against subprime mortgage securities during the financial crisis and make "bank." If you need to do some homework before you answer, look no further and read any of the below posts.
So who am I betting on, as long as price stays above $250, my bet is on Elon and if price closes below $250, my bed is on Steve?
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
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by rollandthomas
I think Steve r the best
It's hard bet against the man who made billions during the financial crisis of 2007.
Tesla will run out of money once the bond vigilantes take root