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Burry of ‘Big Short’ Fame Places Big Bet Against Musk, Tesla

  • His firm Scion reported put options on 800,100 Tesla shares
  • Tesla has plunged 35% since closing at a record on Jan. 26
Bloomberg business news
Burry of ‘Big Short’ Fame Bets Big Against Musk, Tesla
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Michael Burry, the investor who rose to fame for making billions off bets against mortgage securities during the financial crisis, has placed a sizable wager against Elon Musk’s Tesla Inc.

Burry’s Scion Asset Management owned bearish puts against 800,100 shares of the electric-car maker as of March 31, according to a regulatory filing Monday. The puts give Scion the right to sell Tesla shares on or before an unidentified date in the future.