Michael Burry âBig Shortâ on Tesla Stock Revealed Ahead of Key FOMC Minutes
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‘The Big Short’ famed Michael Burry placed $530 million worth of puts against Tesla
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Michael Burry gained his reputation as a prominent short-seller after successfully predicting the 2008 Financial Crisis, a move that resulted in the creation of the film ‘The Big Short’. Although Burry has remained relatively silent since the disclosure of Scion Asset Management’s FY2021 Q1 balance sheet has been bought into public attention recently. His private investment firm reported an astonishing $534 Million worth of Tesla puts in the first quarter. In other words, he is betting against Tesla.