Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

Tesla should be scared now that Michael Burry is shorting the stock.

What do you think will happen? Michael Burry has predicted the housing market crash of 2008, GameStop saga and now this.

I’m a big fan of Tesla and Elon but this is scary.

It’s interesting to see Burry take a short bet on Tesla, considering all the hype surrounding the stock, which may spur further demand quarter to quarter.

Smart move considering these are put options and not equity shorts - a momentary hype in Tesla’s equity prices would not force a short cover or a squeeze like the one we’re witnessing with $BB, $NOK, $AMC and $GME