Michael Burry Discloses New Tesla Short Position at $416
The "Big Short" investor shorted TSLA into Tuesday's 10% rally as part of a broader basket targeting AI and semiconductor stocks.
Michael Burry, the investor famous for his pre-2008 housing crash bet chronicled in "The Big Short," has disclosed a new short position against Tesla (TSLA).
What Happened
Burry revealed he shorted Tesla at $416.22 on Tuesday in his paid "Cassandra Unchained" Substack post titled "Trading Post June 30, 2026." The trade was part of a broader basket of shorts targeting what Burry describes as an inflating AI and semiconductor bubble. Other new shorts listed include Caterpillar (CAT), Nvidia (NVDA), the iShares Semiconductor ETF (SOXX), and Applied Materials (AMAT). Tesla closed the prior session at $379.71 and ran up roughly 10% on Tuesday, meaning Burry shorted into the rally rather than chasing a declining stock. He did not disclose the size of the position—no dollar figure, share count, or options structure was mentioned for TSLA specifically.
Why It Matters
Burry's history with Tesla shorts is notable for being frequently overstated. His most famous Tesla trade—a Scion Asset Management 13F filing showing put options tied to 800,100 shares in Q1 2021—was widely reported as a "half-billion-dollar" bet against the company. That figure represented notional value (share count multiplied by price), not actual capital at risk, which was limited to option premiums paid. The lack of size disclosure here means investors cannot assess whether this represents a significant directional wager or a modest position added to a broader thematic trade. Burry has been publicly bearish on Tesla's valuation, criticizing the company's dilution and its "ridiculously overvalued" status tied to CEO Elon Musk's $1 trillion pay package approved by shareholders last year.
The Bottom Line
Burry shorted Tesla at $416.22 into Tuesday's rally as part of a semiconductor-bubble thesis, not as a standalone Tesla call. No position size was disclosed, and his previous Tesla trades have been misreported in scale when treated as giant directional bets rather than specific options structures.
