Michael Burry, investor of "The Big Short" fame.Astrid Stawiarz/Getty Images Michael Burry isn't betting against Tesla, despite recent criticism of the company. The 'Big Short' investor has described it as overvalued but says he has no short position. Burry isn't the only famed short seller who is choosing not to bet against Tesla right now. Michael Burry isn't shorting Tesla stock… at least not yet. The famed investor — best known for his prescient bet against the US housing market in 2008, whic ...

I have a confession to make. I’ve never shorted a stock or ETF in my life. That’s right, the guy who ran a few “long-short” mutual funds has never shorted anything. Or have I? You see, shorting involves borrowing shares, and taking the risk that the stock or ETF could move against you. Infinitely. There’s no limit to how much you can lose. Whereas with buying a put option, if you are the buyer, you can only lose the capital you put up. More News from Barchart I’ve always been very comfortable with that ...

(Bloomberg) — Michael Burry, the money manager made famous in The Big Short, denied being short on Tesla Inc. shares despite earlier this month calling the company “ridiculously overvalued.” “I am not short,” Burry said in response to a user on X who asked if he would bet against Tesla. Most Read from Bloomberg The renowned investor earned his reputation for predicting the collapse of the US housing market before the 2008 financial crisis. Since slumping in April, when Elon Musk’s political antics spa ...

Core Viewpoint - Michael Burry, known for predicting the housing market crash, is currently bearish on the U.S. stock market and has made significant short bets against AI stocks, particularly Palantir and Nvidia [2][3][4]. Company Analysis - Scion Asset Management, led by Burry, purchased 5 million put options on Palantir with a notional value of over $912 million and 1 million puts on Nvidia in the third quarter [4]. - Palantir's stock has increased by 156% this year and trades at approximately 300 times forward earnings, raising concerns about its valuation [8][10]. - Despite Palantir's strong third-quarter earnings, which exceeded analysts' expectations, CEO Alex Karp criticized short sellers like Burry, asserting that the companies he is shorting are profitable [11]. Industry Insights - Burry's recent tweets indicate a belief that the market is in a bubble, supported by charts showing slowed cloud growth and high technology capital expenditure growth reminiscent of the dot-com bubble [5][6]. - The AI sector, particularly companies like Palantir and Nvidia, has attracted significant investor enthusiasm, but the high valuations pose risks for potential investors [10][11].

Summary of Key Points - The short interest in Utilities Select Sector SPDR Fund ETF (NYSEARCA: XLU) increased in August compared to the end of July [4] - Evergy (EVRG) emerged as the most shorted stock within the utilities sector [4] - Eversource Energy (ES) was identified as the least shorted stock in the same sector [4]