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Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

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Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City.

Jim Spellman | WireImage | Getty Images

Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion.

Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to the filing with the U.S. Securities and Exchange Commission.

Investors profit from puts when the underlying securities fall in prices. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike…



Source cnbc.com

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