Michael Burry, the legendary investor who famously predicted the 2008 financial crisis, has once again made headlines with his latest 13F filing for his hedge fund Scion Asset Management LLC. The first quarter of 2024 reveals a strategic recalibration towards physical commodities and renewable energy, while Burry shifted away from some tech giants. The total market value of Scion's 13F securities increased from $94.6 million to $103.49 million. The fund’s activity included five new purchases, ad
Renewable energy stocks have surged significantly in the last year, with some witnessing a 450-500 per cent increase. Government support, strong tailwinds, and ambitious goals for clean energy in India are key factors driving this growth.
For Tesla, this news is particularly positive, especially during a time when its core electric vehicle business faces headwinds due to slowing EV adoption and economic uncertainty.
Janet Yellen warns of China's aggressive export strategy in green technology and its potential negative impact on global industries, while highlighting US efforts to strengthen domestic renewable energy sector.