Michael Burry attends the New York premiere of "The Big Short" at the Ziegfeld Theater in New York City on Nov. 23, 2015.
Renowned investor Michael Burry on Wednesday denied shorting Tesla 's shares after calling the EV 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.
"The Big Short" investor made the same assessment of Tesla's stock valuation to subscribers of his new paid Substack newsletter earlier in the month.
Burry recently made headlines with a tech short bet. He said some of America's largest companies were using aggressive accounting to inflate their supposed profits from the AI boom.
Burry's latest comments on Tesla come shortly after the company took the unusual step of publishing sales estimates that appear to indicate a lower-than-expected outlook for its vehicle deliveries.