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IPFS News Link • Crony Capitalism

Burry Unloads At Musk: Your Success Is Only Thanks To Taxpayer Subsidies

• Zero Hedge

Update (1132ET): The Big Short's Michael Burry is back tweeting this morning after an overnight rant criticizing the Fed and SEC policies for creating speculative bubbles and inflation. He took aim at the Rivian IPO, reflecting on the fact that it's now worth more than GM and Ford (without selling a single product). 

Around 1024 ET, Burry quoted a Musk tweet about how his company is the first "American carmaker to reach high volume production & positive cash flow in past 100 years." The CEO of Scion Asset Management said:

"No, @elonmusk , the true test is achieving that without massive government and electricity subsidies on the backs of taxpayers who don't own your cars." 


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