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Michael Burry, the investor made famous by The Big Short for predicting the 2008 financial crisis, has disclosed a new short position against Tesla, adding to a series of bearish trades targeting companies linked to artificial intelligence and the semiconductor sector.
In a Substack post titled Trading Post June 30, 2026, published on Tuesday, Burry revealed that he shorted Tesla at $416.22, describing the move as part of a broader strategy against what he believes is an overheated AI and chip-related market. The veteran investor has increasingly warned about elevated valuations across technology stocks, and his latest trades reflect that cautious outlook.
Along with Tesla, Burry said he opened short positions in several other major companies and funds on Tuesday. These include Caterpillar at $1,060.98, Nvidia at $198.09, the iShares Semiconductor ETF (SOXX) at $642.80, and Applied Materials at $729.40.
Burry did not disclose the size of his Tesla position or explain how the trade was structured. He also did not specify whether the position was established through direct short-selling, options, or another strategy.
In his post, Burry wrote, “And finally I shorted Tesla at 416.22. Happy it jumped back to this level,” suggesting he took advantage of the stock's strong rebound to initiate the bearish bet.
Tesla shares had closed at $379.71 in the previous trading session before surging roughly 10% on Tuesday. The rally appears to have provided Burry with an opportunity to enter the short position at a higher price rather than betting against the stock during a downturn.
The latest disclosure underscores Burry's increasingly negative stance on high-growth technology stocks, particularly those benefiting from the ongoing artificial intelligence boom. His simultaneous short positions in Tesla, Nvidia, Applied Materials, and the SOXX ETF indicate a broader conviction that AI-related valuations have become stretched and could face significant downside if market sentiment weakens.
