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Michael Burry was worth around $1.2 billion in April of 2023, having built much of his wealth shorting tech companies during the dot-com bubble and later shorting the mortgage market ....
Tesla Motors, Inc. (NASDAQ:TSLA) - Michael Burry Places Massive Options Bet Against Tesla benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Share: Michael Burry, who was depicted by Christian Bale in 2015 s The Big Short, said he was shorting Tesla Inc (NASDAQ: TSLA) in December. So far, that bet isn’t going very well to say the least. But Burry took to Twitter to remind his followers that his big bearish bet against the housing market back in 2007 started off poorly as well. Burry is a former hedge fund manager who gained notoriety on Wall Street by predicting and profiting from the subprime mortgage crisis. Burry’s Bearish Bet: On Dec. 1, Burry tweeted he s shorting Tesla stock. Since that date, the stock is up another 48.3%, but Burry said Thursday he s still convinced the Tesla story will ultimately end poorly. ....