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‘Big Short’ investor Michael Burry reveals he’s short Tesla, tells Elon Musk to issue more stock at its ‘ridiculous price’ – Business Insider

‘That’s not dilution. You’d be cementing permanence and untold optionality,’ Burry said in a late Tuesday tweet.

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  • Michael Burry, whose bet against the housing market was made famous by “The Big Short,” revealed in a late Tuesday tweet that he is short Tesla.
  • The hedge fund manager advised CEO Elon Musk to issue more shares while they sit at their “ridiculous” levels.
  • “That’s not dilution. You’d be cementing permanence and untold optionality,” he added.
  • Tesla dipped as much as 7.1% on Wednesday before paring losses and trading roughly 3% lower.
  • Watch Tesla trade live here.

Famed investor…

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