‘Big Short’ investor Michael Burry denies shorting Tesla stock

Prominent investor Michael Burry denied short selling on Wednesday Tesla’sshares after calling the EV maker “ridiculously overvalued.”

On a social media to post The founder of Scion Asset Management responded to a user who asked if he would bet against Tesla on X: “I’m not short.”

Burry, who gained his reputation by successfully predicting the collapse of the US housing market that led to the 2008 global financial crisis, clarified his position after describing Tesla as “ridiculously overvalued”. separate post.

The “Big Short” investor made the same assessment of Tesla’s stock valuation to subscribers of his new paid Substack newsletter earlier in the month.

Burry recently made headlines with a brief bet on technology. He said some of America’s largest companies are using aggressive accounting to inflate their so-called profits from the AI ​​boom.

Burry’s latest comments about Tesla came shortly after the company took the unusual step. publishing Sales forecasts indicate a lower-than-expected outlook for vehicle deliveries.

On Monday, Tesla compiled a median forecast for 1.6 million vehicle deliveries in 2025; That puts the company on track for its second consecutive decline in annual vehicle sales, down nearly 8% from 2024.

Tesla has endured a rollercoaster ride this year. The company, whose shares recently hit an all-time high of $489.88, saw its shares collapse in the first quarter due to stiff competition, particularly from Chinese EV makers, and the reputational damage created by Musk’s inflammatory political rhetoric.

Tesla shares were seen slightly lower in premarket trading Wednesday. The company’s shares gained more than 12.5% ​​in 2025.

— CNBC’s Yun Li contributed to this report.