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

Renowned capitalist Michael Burry connected Wednesday denied shorting Tesla's shares aft calling the EV shaper "ridiculously overvalued."

In a societal media post connected X, the Scion Asset Management laminitis responded to a idiosyncratic asking if helium would stake against Tesla, saying: "I americium not short."

Burry, who earned his estimation by successfully predicting the illness of the U.S. lodging marketplace that led to the 2008 planetary fiscal crisis, clarified his presumption aft describing Tesla arsenic "ridiculously overvalued" successful a separate post.

"The Big Short" investor made the aforesaid appraisal of Tesla's banal valuation to subscribers of his caller paid Substack newsletter earlier successful the month.

Burry recently made headlines with a tech abbreviated bet. He said immoderate of America's largest companies were utilizing assertive accounting to inflate their expected profits from the AI boom.

Burry's latest comments connected Tesla travel soon aft the institution took the antithetic measurement of publishing income estimates that look to bespeak a lower-than-expected outlook for its conveyance deliveries.

Tesla connected Monday compiled an mean estimation for 1.6 cardinal conveyance deliveries successful 2025, down astir 8% from 2024 and putting the institution connected way for its second consecutive drop successful yearly conveyance sales.

Tesla has endured a rollercoaster thrust this year. The company, whose banal precocious notched an all-time closing high of $489.88, saw shares collapse successful the archetypal quarter amid stiff competition, peculiarly from Chinese EV manufacturers, and reputational fallout from Musk's incendiary governmental rhetoric.

Shares of Tesla were seen somewhat little successful premarket commercialized connected Wednesday. The company's banal has gained much than 12.5% successful 2025.

— CNBC's Yun Li contributed to this report.