According to a Securities and Exchange filing on Monday, Michael Burry's Scion Asset Management owned 800,100 long puts against Tesla as of March 31.
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The investment firm behind Michael Burry, who shot to fame for predicting the mortgage crisis well before anyone else, has made a bearish bet against electric-car behemoth Tesla.
According to a Securities and Exchange filing on Monday, Michael Burry’s Scion Asset Management was the owner of puts against 800,100 Tesla TSLA shares as of March 31, with a value of $534 million. A put is a bearish option that gives the holder the right to sell the security at a set price over a specified period.
The…
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