Renowned investor Michael Burry has said he is not shorting Tesla shares after the electricity vehicle (EV) maker published its delivery estimates.
In a post to X, the Scion Asset Management founder responded to a user asking if he would bet against Tesla, saying, “I am not short.”
Shorting is where an investor profits from the fall in the value of a stock by borrowing it, selling it and buying it later at a lower price.
Burry is best known for betting against the U.S. housing market in 2008.
In a Substack post, “The Big Short” investor said that Tesla is a “ridiculously overvalued stock” and wanted to say that “shorting it has been dangerous”.
This came shortly after Tesla took the unusual step of publishing a lower-than-expected delivery outlook.
The EV maker was also recently dethroned by BYD as the biggest EV seller. Tesla posted its second consecutive year of sales declines, falling to 1.64 million in 2025 from 1.79 million in 2024.
Despite this, Tesla shares rose 12.30% for the whole year and notched an all-time closing high of US$489.88 after a collapse in first-quarter shares spurred on by competition and Musk’s political opinions.
At the time of writing, Tesla (NASDAQ: TSLA) stocks were down 2.59% to US$438.07.
