Scion Asset Management founder Michael Burry weighed in on Tesla (NASDAQ:TSLA) once again after one of the company’s megapack batteries was involved in a fire that ended up shutting down a stretch of a well-known California highway for a few hours.
“If I am tweeting this you can bet I am not short it. But I should be,” tweeted Burry.
Burry’s Scion Asset Management exited its short position in Tesla (TSLA) sometime during Q3 of 2021 after having a put option representing more than 1M shares. Notably, Scion Asset also sold out of all its US stock holdings during Q2 of 2022. The most recent bets made by the firm will be disclosed around November 15.
Michael Burry is well-known for predicting and profiting from the mortgage crisis and financial collapse between 2007 and 2010.
Shares of Tesla fell 0.49% premarket to $307.23 vs. the 52-week trading range of $206.86 to $414.50. TSLA has moved back above its 50-day, 100-day, and 200-day moving averages.
Read the latest breakdowns on Tesla (TSLA) from Seeking Alpha authors.