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'Big Short' investor Michael Burry reveals he isn't betting against Tesla right now - but says he should be

'Big Short' investor Michael Burry reveals he isn't betting against Tesla right now - but says he should be



  • Michael Burry disclosed he isn't short Tesla, but said he should be betting against the automaker.

  • The "Big Short" investor has repeatedly blasted Elon Musk and his electric-vehicle company.

  • Burry held bearish put options against Tesla stock in the first six months of 2021.

Michael Burry revealed he's not betting against Tesla right now, but he sees a compelling case to wager against Elon Musk's electric-vehicle company.

"If I am tweeting this you can bet I am not short it," he said in a now-deleted tweet on Tuesday. "But I should be."

As evidence of the automaker's gloomy outlook, Burry highlighted a CNBC story about a Tesla Megapack battery catching fire at a PG&E energy-storage facility in California on Tuesday.

Burry's Scion Asset Management held bearish put options against nearly 1.1 million Tesla shares at the end of June 2021. However, it exited that position during the third quarter of last year.

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The fund manager of "The Big Short" fame has repeatedly taken aim at Tesla during the pandemic. He revealed in December 2020 that he was short the company, and labeled its stock price "ridiculous."

"Well, my last Big Short got bigger and bigger and BIGGER too," Burry tweeted in January 2021, after Tesla stock surged. "Enjoy it while it lasts."