Burry of “The Big Short” bet against Tesla: report – fr

0
12
Burry of “The Big Short” bet against Tesla: report – fr


Michael Burry, the investor who was played by actor Christian Bale in the 2015 film, “The Big Short,” is apparently bearish on Tesla after it was revealed that his asset management company held short positions against shares of the automaker as of March 31. reports said.

Bloomberg reported that Elon Musk’s auto company is down about 35% from its Jan. 26 high, after an explosive year in 2020. The report says it’s impossible to know when Scion Asset Management lasted. bought the long put options for 800,100 Tesla shares.

“TESLA HAS SOLD ANY BITCOIN”, SAYS ELON MUSK

The position was worth around $ 534 million, the news site reported, citing a regulatory filing.

Neither company responded to an email from Fox News after normal business hours.

Steve Sosnick, chief strategist at Interactive Brokers LLC., Told Bloomberg that Burry seems to “express the kind of skepticism that many have about Tesla.”

“I would have to believe that he racked up various Tesla options in various strikes, and some of them probably expired,” he said.

CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS

Tesla posted its seventh consecutive profitable quarter last month.

The company made $ 438 million in the three-month period ended March 31, with sales more than doubling from the same period last year to nearly 185,000 vehicles.

Tesla said adjusted net income, excluding stock-based compensation, exceeded $ 1 billion for the first time in the company’s history.

The Associated Press contributed to this report

LEAVE A REPLY

Please enter your comment!
Please enter your name here