— Cassandra Unchained (@michaeljburry) December 31, 2025 Tesla shares have swung sharply in 2025, pressured earlier in the year by slowing sales and intensifying competition, including from Chinese EV makers, as well as blowback tied to Elon Musk’s political activity. Tesla shares have swung sharply in 2025, pressured earlier in the year by slowing sales and intensifying competition, including from Chinese EV makers, as well as blowback tied to Elon Musk’s political activity. via REUTERS Even with the volatility, Tesla’s stock hit a record closing price of $489.88 on Dec. 16, according to stock-price data compiled by Macrotrends and reporting from UPI. As of Wednesday afternoon, it was trading at around $453 per share. Burry has tangled with Tesla before. In 2021, Scion disclosed put options tied to Tesla shares that drew headlines as a major bearish bet, before Burry later said the position was closed. Even with the volatility, Tesla’s stock hit a record closing price of $489.88 on Dec. 16, according to stock-price data compiled by Macrotrends and reporting from UPI. Getty Images This time, he’s drawing a bright line between calling the company overpriced and actually placing a trade against it. The latest Tesla debate is unfolding as Musk notched a legal win in Washington. The National Labor Relations Board is abandoning a complaint against Musk’s SpaceX over severance and arbitration policies, according to a joint court filing cited by Bloomberg. The agency agreed in December to withdraw its case after SpaceX challenged the NLRB’s structure as unconstitutional. The retreat resolves one front of a broader legal fight between Musk’s companies and federal regulators and comes as the labor board, now led by a Trump-appointed general counsel, has pulled back from several high-profile enforcement actions. Filed under