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Michael Burry says he is not shorting Tesla.
Summary
Michael Burry denied that he is shorting Tesla after describing the company’s stock as very overvalued. He made the comment on X and had shared a similar view with subscribers on his paid Substack newsletter.
Content
Michael Burry denied that he is taking a short position in Tesla after posting on social media. He had recently described Tesla's stock valuation as very high in a separate post. Burry is known for predicting the 2008 housing market collapse, which helped build his public profile. He has also been active recently with a separate short position in some tech companies while raising questions about certain accounting practices.
What was reported:
- Burry replied on X that he is not shorting Tesla.
- Earlier this month he wrote to subscribers on his paid Substack that he views Tesla's valuation as very high.
- He has recently made headlines for a short position in parts of the tech sector tied to accounting concerns.
- Tesla published sales estimates recently that were interpreted by some observers as indicating a softer vehicle delivery outlook.
Summary:
Burry's public denial clarifies that he is not currently betting against Tesla, while his valuation comments continue to draw attention to the stock. Undetermined at this time.
