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My Take: 3 Reasons Tesla Investors Should Not Be Worried About "The Big Short" Investor

By Jose Najarro - May 19, 2021 at 9:00AM

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Scion Asset Management, run by Michael Burry, recently reported its 13F filings, which showed a large bet against Tesla at the end of March.

In today's video, I look at Tesla (TSLA -1.37%) as The Big Short investor Michael Burry has shown a short position of roughly 8,100 puts with a notional value of approximately $534 million as of March 31, 2021. Below I share three reasons why long-term investors should not be worried.

Three reasons Tesla investors should ignore this short position

  1. 13F filings have such a considerable time gap that one does not know if the position is already closed. The filing date was May 17, 2021, but it was for the quarter ending on March 31, 2021.
  2. As a long-term investor, one bearish investor position should not deter you from your original thesis. 
  3. Fundamentally, Tesla has not changed due to this short position. 

Click the video below for my full thoughts. 

*Stock prices used were the midday prices of May 17, 2021. The video was published on May 17, 2021. 

Jose Najarro owns shares of Tesla. The Motley Fool owns shares of and recommends Tesla. The Motley Fool has a disclosure policy.Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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