'Big Short' investor Michael Burry says he's not shorting Tesla

Prominent investor Michael Burry took to social media on Wednesday to clarify his position regarding Tesla, denying any shorting of the electric vehicle manufacturer’s stock. This clarification came after he labeled Tesla as "ridiculously overvalued." In a response to a query on X, the founder of Scion Asset Management affirmed, "I am not short." Burry, who gained fame for predicting the collapse of the U.S. housing market that precipitated the 2008 financial crisis, had previously expressed his concerns about Tesla’s valuation in a paid Substack newsletter earlier this month. His critical assessment of Tesla's stock has raised eyebrows given the company’s recent decision to publish sales estimates that point to a less optimistic outlook for vehicle deliveries. The electric vehicle giant reported an average estimate of 1.6 million vehicle deliveries for 2025, a decrease of approximately 8% from 2024. This projection indicates a potential second consecutive year of declining vehicle sales for Tesla. The company has faced significant challenges this year, with its stock price experiencing a wild ride. After reaching a record closing high of $489.88, Tesla shares plummeted in the first quarter due to fierce competition, especially from Chinese EV makers, and controversies surrounding CEO Elon Musk's public statements. As of Wednesday morning, Tesla’s stock was slightly down in premarket trading, though it has still managed to grow over 12.5% in 2025. Burry's recent remarks come on the heels of his previous tech short bet, where he criticized some major American corporations for using aggressive accounting methods to exaggerate profits attributed to the AI sector.