Updated Wed, Dec 31 2025 12:40 PM EST Key Points Michael Burry, the investor made famous for calling the housing crash before 2008, said he is not currently shorting Tesla shares. It comes after the "The Big Short" investor described the carmaker's market capitalization as "ridiculously overvalued." Shares of Tesla were slightly higher in afternoon trading Wednesday, having gained 12.5% year to date. Michael Burry attends the New York premiere of "The Big Short" at the Ziegfeld Theater in New York City on Nov. 23, 2015. Jim Spellman | WireImage | Getty Images Renowned investor Michael Burry on Wednesday said he is not currently shorting Tesla shares after calling the electric vehicle maker "ridiculously overvalued." In a social media post on X, the Scion Asset Management founder responded to a user asking if he would bet against Tesla, saying, "I am not short." Burry, who earned his reputation by successfully predicting the collapse of the U.S. housing market that led to the 2008 global financial crisis, clarified his position after describing Tesla as "ridiculously overvalued" in a separate post.