✅ Confirmed
Financial
Financial
Michael Burry opens new short position on Tesla at $416.22
Michael Burry, known from 'The Big Short,' revealed in his Substack newsletter that he opened a new short position on Tesla at a price of $416.22 per share. This move came after Tesla shares recently recovered from a mid-May dip to surpass $400, currently trading around $427. Burry did not disclose the size or structure of this short position. Historically, Burry has been critical of Tesla, calling its valuation media-inflated and ridiculously overvalued, despite Tesla's shift toward AI and technologies like Full Self-Driving and the Optimus robot.
- Michael Burry opened a short position on Tesla at $416.22.
- Tesla shares currently trade near $427 after recent recovery.
🔎 Why it matters: Michael Burry's new short position on Tesla at $416.22 highlights his skepticism about the company's current valuation, especially after the recent stock price rally.
📈 Upside: The disclosure provides clarity on a prominent investor's stance on Tesla amid the recent rally.
📉 Risk: The size and structure of the position are unknown, limiting assessment of potential impact.
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