Investor Michael Burry of "The Big Short" fame has called Tesla Inc.(NASDAQ:TSLA) and SpaceX CEO Elon Musk a futurist amid talks of mergers between Musk's various companies.
An American Treasure
"Elon is an American treasure," Burry wrote in a post on the social media platform X on Thursday. He then added that despite this, the billionaire was also a "desperately incentivized futurist even earlier than me," taking a jibe at the reported merger plans between SpaceX, Tesla and xAI.
Elon is an American treasure but also a desperately incentivized futurist even earlier than me.
Elon Musk's SpaceX, Tesla, and xAI in talks to merge, according to reports | TechCrunch https://t.co/2o3t1otcCb
Burry has been a vocal critic of the EV giant in the past, calling the company "ridiculously overvalued," as well as slamming Tesla's supporters by calling them the "Elon cult." He has, however, maintained that he does not hold a short position against the company.
SpaceX, Tesla Merger
The comments follow as SpaceX could be eyeing a merger with Tesla, something which was possibly hinted at by Musk in a post last year when he talked about a possible "convergence" between Musk's companies in the future.
The merger has been hailed as a positive move by investor Gene Munster of Deepwater Asset Management, who said that Musk was "thinking big" ahead of SpaceX's possible IPO this year, first hinted at by Musk during Tesla's annual shareholder meeting in November last year.
According to Benzinga Edge Rankings, Tesla scores well on the Momentum metric and offers a favorable price trend in the Medium and Long term.
Price Action: TSLA slipped 3.45% to $416.56 at Market close on Thursday, but jumped 2.87% to $428.50 during the overnight session.
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