Michael ‘Big Short’ Burry Reveals He “Is Not Short” Tesla
“Big Short” investor Michael Burry revealed on X that he is not shorting Tesla stock, despite calling Elon Musk’s car, robotics, battery storage, and AI company “ridiculously overvalued” in a separate post. Early Wednesday morning, Burry posted on X about a prior credit default swap trade he made with Bill Ackman. In response, an X user asked, “Would you short Tesla here?” Burry replied: “I am not short.” On Tuesday, Burry posted a screenshot on X of a Bloomberg article covering Tesla delivery estimates from sell-side analysts that showed continued gloom. He added, “Tesla is ridiculously overvalued.” Burry may be correct on valuation, but many investors appear to be looking beyond near-term vehicle deliveries and instead focusing on robotaxis, humanoid robots, AI, and battery storage. In late November, Burry deregistered his hedge fund, Scion Asset Management, with the Securities and Exchange Commission, moving his trading into stealth mode after criticism from X users. Michael Bury is arguably the worst investor of our generation. Here are 12 of his most smooth brained predictions. Jan 2017 – …
