- Michael Burry clarified that his previous short position against Tesla Inc. was valued at $5 million, not $500 million.
- Burry denied holding any current short bet on Tesla as of Tuesday.
- Burry described Tesla’s market value as “ridiculously overvalued,” referencing his published article.
- Tesla shares rose by almost 1% during Tuesday’s early trading session.
- Online investor sentiment around Tesla was reported as bullish at the time.
Michael Burry, an investor known for predicting the 2008 financial crisis, issued a public clarification on Tuesday regarding his involvement with Tesla Inc. Burry stated in a post on X that his prior short bet against Tesla was valued at $5 million, not $500 million as some reports have claimed.
Burry also confirmed that he does not currently maintain any short position against Tesla. In an excerpt from his recent article, Burry commented on Tesla’s company value, stating, “Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time.”
During Tuesday’s opening trade, Tesla shares increased by about 1%. Retail investor activity and messages posted on the Stocktwits platform showed generally bullish sentiment toward the company at the time of reporting.
A previous article also noted Burry’s warning regarding potential negative trends for the broader U.S. stock market, saying, “I think the whole thing’s just going to come down.” For updates and corrections, readers were directed to contact newsroom emails as detailed in the original documentation.
No further comments about current investment positions or anticipated market movements were provided by Burry beyond his public denial and valuation remarks.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Crypto Traders Celebrate Binance’s CZ as Meme Coin Lord After Pardon
- Huione Group Closes Phnom Penh Branches Amid Global Sanctions
- BRICS 2026 Summit: China Pushes Yuan as Emerging Market Currency
- Tesla’s China-Made EV Sales Jump 41% Sequentially in November
- Elon Musk Warns US Debt Crisis Could Crash Bitcoin Price
