Michael Burry has reportedly closed the short position he opened on Tesla stock at $416.22 in late June, after shares fell more than 20% to the low $300s. Prediction market platform Kalshi reported the closure on August 14, but no SEC filing or statement from Burry has confirmed it, and the size of the position remains undisclosed.
Michael Burry, the investor best known for betting against the US housing market before its 2008 collapse, has reportedly closed his short position on Tesla stock. The trade appears to have paid off: shares dropped more than 20% from Burry's $416.22 entry point, sliding to the low $300s by late July.
Prediction market platform Kalshi reported the closure on August 14, though no formal SEC filings or statements from Burry himself have surfaced to confirm the move. That gap between rumor and regulatory paper trail is worth keeping in mind.
Burry disclosed the short position in late June, when Tesla was trading at $416.22. He noted at the time that the stock had just bounced back to that level following a 10% rally from a prior close of $379.71.
The Tesla trade was not a standalone bet. Burry's broader bearish thesis also targeted Nvidia and Applied Materials, companies riding the AI and semiconductor wave. However, no dollar value, share count, or structural details of the Tesla position have been disclosed, so it is impossible to calculate his actual profit or loss on the trade.
This is not the first time Burry has bet against Tesla. In 2021, he disclosed put options on more than 1 million Tesla shares, a position he described at the time as "just a trade". He exited that bet relatively quickly, citing market dynamics that made holding it untenable.
Kalshi aggregates signals rather than providing primary documentation, and until 13F filings or other disclosures surface, the precise contours of Burry's latest Tesla trade remain somewhat opaque.
Source: Crypto Briefing
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