Burry's hedge fund ging voor $ 534 miljoen short op Tsla.
Aandeel zakte daardoor meer dan -4%.
Citaat:
Why Tesla Stock Was Slipping Today
Michael Burry revealed a big short bet against the electric vehicle maker.
What happened
Shares of Tesla (NASDAQ:TSLA) were falling today after Michael Burry revealed that he had a heavy short position on the electric vehicle maker in a filing this morning.
As of 3:25 p.m. EDT, Tesla was down 4.1%.
Burry's hedge fund, Scion Asset Management, filed a 13-F quarterly update this morning, showing that it held 800,000 put options on Tesla, betting $534 million that the stock will fall. That was the fund's biggest single position.
Known from The Big Short, Burry gained fame as one of the investment managers who made huge returns betting on the collapse of the housing market during the financial crisis. Given that track record, investors tend to respect his opinions, especially on short bets.
The hedge fund manager has made his opinion on Tesla clear in the past, saying that the stock could fall 90%, and criticizing it for its reliance on regulatory credits and a valuation that dwarfs that of any other carmaker.
https://www.fool.com/investing/2021/...=mw_quote_news
|
Tegen einde herpakte het aandeel de schade tot -2,2%.