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Michael Burry places big bet against Musk, Tesla

Bloomberg
Bloomberg5/18/2021 04:46 PM GMT+08  • 3 min read
Michael Burry places big bet against Musk, Tesla
The bet against Tesla isn’t Burry’s first.
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Photo: Astrid Stawiarz/Getty Images

Michael Burry, the investor who rose to fame for making billions off bets against mortgage securities during the financial crisis, has placed a sizable wager against Elon Musk’s Tesla Inc.

Burry’s Scion Asset Management owned bearish puts against 800,100 shares of the electric-car maker as of March 31, according to a regulatory filing Monday. The puts give Scion the right to sell Tesla shares on or before an unidentified date in the future.

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