Renowned investor Michael Burry has clarified that he is not currently betting against Tesla (TSLA), despite publicly describing the electric vehicle maker as “ridiculously overvalued.”
The Scion Asset Management founder addressed the issue directly on social media platform X after a user asked whether he was shorting Tesla shares.
“I am not short,” Burry replied, offering a brief but definitive response that appeared aimed at dispelling speculation around his position.
Burry’s clarification followed a separate post in which he criticised Tesla’s valuation, a stance he has also shared with subscribers to his recently launched paid Substack newsletter earlier this month.
Best known for predicting the U.S. housing market collapse ahead of the 2008 global financial crisis, Burry has long attracted attention when commenting on high-profile stocks.
His remarks on Tesla come at a time when the company’s outlook has become increasingly mixed, even as its share price remains near record levels.
Tesla outlook under scrutiny
Tesla recently took the unusual step of publishing delivery estimates that suggested a more cautious outlook than many investors had expected.
The company compiled an average estimate pointing to around 1.6 million vehicle deliveries in 2025.
That figure would represent a roughly 8% decline from 2024 and place Tesla on track for a second consecutive annual drop in deliveries.
While Tesla does not define deliveries with the same precision as traditional sales figures, they remain the closest proxy investors have for the company’s underlying demand.
The softer delivery outlook has fuelled debate around whether Tesla’s valuation can be justified in the face of intensifying competition and slower growth.
Stock performance contrasts with fundamentals
Tesla shares have experienced sharp swings over the past year, reflecting both optimism around future technologies and concern over near-term performance.
The stock recently reached an all-time closing high of $489.88, driven in part by investor enthusiasm surrounding Elon Musk’s robotaxi ambitions.
Earlier in the year, however, shares slumped amid mounting pressure from Chinese electric vehicle manufacturers and reputational damage linked to Musk’s controversial political commentary.
Despite these headwinds, Tesla stock was trading slightly higher in afternoon trading on Wednesday.
The shares have gained more than 12.5% so far in 2025, underscoring the resilience of investor confidence even as delivery growth slows.
Broader Tech skepticism
Burry’s Tesla comments follow recent headlines surrounding his broader critique of the technology sector.
He has accused some of the largest U.S. companies of using aggressive accounting methods to inflate profits tied to the artificial intelligence boom.
Those remarks have positioned Burry as a vocal skeptic at a time when tech valuations remain elevated across multiple segments of the market.
While he has ruled out a direct short position on Tesla, his repeated emphasis on valuation suggests continued caution toward the stock.
For now, Burry appears content to stay on the sidelines, even as debate around Tesla’s future trajectory intensifies.