Burry of ‘Big Short’ Fame Places Big Bet Against Musk, TeslaBy and
His firm Scion reported put options on 800,100 Tesla shares
Tesla has plunged 35% since closing at a record on Jan. 26
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.