Michael Burry, known for his bearish market bets, shorted Tesla stock at $416.22 after its recent 11% weekly rally to $420.60. Despite Tesla's stock surge, Burry anticipates a long-term decline, citing weakening investor confidence due to falling EV sales and delays in autonomous driving technology. He also shorted other stocks like Caterpillar, Applied Materials, and Nvidia, signaling broader concerns about overvalued tech and industrial stocks.
Investor Michael Burry has taken a bearish position against Caterpillar, shorting its shares at $1,060.98, citing the stock as overvalued amid the AI investment boom. Caterpillar's shares surged 86% in the first half of 2026, driven by its perceived ...
Tesla has started testing a production version of its two-seat Cybercab without a steering wheel or pedals in Austin, Texas, signaling progress toward a fully autonomous robotaxi. The tests currently include a safety monitor passenger, and follow ear...
Tesla is projected to overtake SpaceX in market capitalization by July 2027, according to an analysis by OpenAI's ChatGPT. Currently, SpaceX is valued at about $2.16 trillion, while Tesla stands at $1.55 trillion. Tesla's growth is expected to be fue...
In the first half of 2026, Toobit enhanced its trading platform by integrating AI-powered tools like Synapse and AI Agent Trade Kit, expanding tokenized TradFi futures with over 100 pairs, and offering zero-fee spot trading. The exchange also improve...
Confidential files related to Apple's upcoming iPhone 18 Pro have been leaked on the dark web, originating from Tata Electronics, Apple's Indian contract manufacturer. The leak includes sensitive component designs and supplier details, also affecting...
