Michael Burry, the investor made famous by The Big Short, reiterated this week that he believes Tesla $TSLA has been “ridiculously overvalued” for a long time. That comment alone was enough to reignite chatter around whether one of Tesla’s most vocal historical critics was once again betting against the stock.
But this time, there’s a twist.
Strong words, no position
When asked directly whether he’s currently short Tesla, Burry’s response was blunt and unambiguous: “I am not short.” In other words, despite his skepticism around Tesla’s valuation, he’s staying on the sidelines rather than putting money behind the view.
That distinction matters. Burry has previously been an active and high-profile Tesla short, so the absence of a position suggests either a lack of conviction in near-term downside or respect for how unpredictable the stock can be.
Bad timing, familiar setup
The comments come just days before Tesla is expected to report a double-digit decline in fourth-quarter deliveries, adding fuel to the broader debate over whether the stock’s valuation still lines up with its fundamentals.
Burry’s stance highlights a familiar market dynamic: you can think a stock is overvalued and still decide it’s not worth fighting. With Tesla, timing has historically mattered as much as being “right.”