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As Netflix Crashes 25%, 'The Big Short' Fame's Michael Burry Warns Of A Similar Fate For Tesla

Michael Burry Netflix Nasdaq Tesla Inc. Elon Musk NYSE

"Competition is coming for Tesla Inc. (NASDAQ:TSLA)" just like it came for Netflix Inc. (NASDAQ:NFLX), "The Big Short" fame's Michael Burry warned in a tweet late Tuesday.

Netflix shares tumbled over 25% in the after-hours session on Tuesday as the company reported its first subscriber-loss since 2011. The streaming video on demand platform reported losing about 200,000 subscribers in the first quarter.

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