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Michael Burry attends the New York premiere of “The Massive Quick” on the Ziegfeld Theater in New York Metropolis on Nov. 23, 2015.
Jim Spellman | WireImage | Getty Photos
Famend investor Michael Burry on Wednesday denied shorting Tesla‘s shares after calling the EV maker “ridiculously overvalued.”
In a social media publish on X, the Scion Asset Administration founder responded to a consumer asking if he would wager in opposition to Tesla, saying: “I’m not quick.”
Burry, who earned his popularity by efficiently predicting the collapse of the U.S. housing market that led to the 2008 international monetary disaster, clarified his place after describing Tesla as “ridiculously overvalued” in a separate publish.
“The Massive Quick” investor made the identical evaluation of Tesla’s inventory valuation to subscribers of his new paid Substack e-newsletter earlier within the month.
Burry lately made headlines with a tech quick wager. He mentioned a few of America’s largest firms had been utilizing aggressive accounting to inflate their supposed income from the AI growth.
Burry’s newest feedback on Tesla come shortly after the corporate took the weird step of publishing gross sales estimates that seem to point a lower-than-expected outlook for its automobile deliveries.
Tesla on Monday compiled a median estimate for 1.6 million automobile deliveries in 2025, down roughly 8% from 2024 and placing the corporate on monitor for its second straight drop in annual automobile gross sales.
Tesla has endured a rollercoaster journey this yr. The corporate, whose inventory lately notched an all-time closing excessive of $489.88, noticed shares collapse within the first quarter amid stiff competitors, notably from Chinese language EV producers, and reputational fallout from Musk’s incendiary political rhetoric.
Shares of Tesla had been seen 0.4% larger in premarket commerce on Wednesday. The corporate’s inventory has gained greater than 12.5% in 2025.
— CNBC’s Yun Li contributed to this report.
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