Tesla bought Bitcoin to distract from regulatory issues in China

“$TSLA and $BTC correlation coefficient is 0.951967 over the last six months,” Burry said. “@elonmusk going for perfect unity? Nah, Elon dreams the impossible. He is determined to break unity. Correlation > 1. And he has history on his side. $TSLA and $BTC investors can make anything happen.”

Tesla was not immediately available for comment when contacted by Insider.

Burry, who unknowingly laid the groundwork for GameStop shares to skyrocket as much as 2,500% last month, took aim at Dogecoin in another tweet. The cryptocurrency, which was created as a joke, soared to a record high this week after Musk tweeted about it. It now commands a $10 billion market capitalization.

“A doge’s breakfast maybe,” Burry said. He linked to a Wall Street Journal story in which Dogecoin’s creator said its current price of 8 cents was as absurd and nonsensical as GameStop stock being worth $325 at one point last month.

“Markets have now bubbled over in a dangerous way,” he said in an earlier tweet.

Burry hinted in yet another tweet that he expects a market crash in the coming months. He linked to “When The Levee Breaks,” a Led Zeppelin song, and said, “This time we’ll play it at the beginning, not at the end.”

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