Tesla (TSLA) renowned investor Michael Burry said Wednesday he is not shorting Tesla shares.
Despite recently describing the Elon Musk-led electric-vehicle maker as "ridiculously overvalued," Burry said in a post on X that he is not betting against the stock, responding to a user's question with: "I am not short."
Burry, best known for predicting the 2008 U.S. housing market collapse depicted in The Big Short, reiterated the same valuation view for Tesla earlier this month in his paid Substack newsletter
Tesla's valuation debate comes as the company published its own sales estimates, an unusual move that points to softer demand, reported CNBC. Tesla on Tuesday compiled an average forecast of 1.6 million vehicle deliveries in 2025, about 8% lower than 2024, signaling a second straight annual decline.
Tesla stock edged down ahead of Wednesday's opening bell, though it has still climbed more than 12.5% so far this year.