The Big Short's Michael Burry takes on the Big Tech bulls, but holds fire on this cult favorite.

By Jamie Chisholm Burry is betting against Nvidia and Palantir shares Michael Burry does not shy away from betting against the stock market darlings he considers overvalued. But it seems there is one company with a cult-like following whose shares even he will not short right now: Elon Musk's Tesla (TSLA). Burry became famous for predicting the housing market crash that delivered the great financial crisis in 2008, and was featured in Michael Lewis's book The Big Short. He was played by Christian Bale in the film of the same name. The money manager, who recently shuttered his hedge fund Scion Asset Management, has gone short the stock of Palantir (PLTR) and Nvidia (NVDA), two of the most popular technology companies among investors in recent years, claiming the shares are overvalued. Burry is also skeptical about the AI hyperscalers, claiming they are not accurately assessing the depreciation of their assets. Now, in response to Tesla this week delivering a pessimistic forecast for its fourth-quarter car sales, Burry posted on X that "Tesla is ridiculously overvalued." Tesla shares hit an intraday record high a few bucks shy of $500 last week as investors shrugged off falling electric vehicle sales and looked ahead to the company's robotaxis and humanoid robot offerings. That has left Tesla shares currently sporting a 12-month forward price to earnings multiple of around 210, according to FactSet. However, not even that P/E multiple has tempted Burry to bet against Tesla stock. In response to a user on X who asked if he would bet against Tesla, Burry succinctly replied: "I am not short". It should be noted that Burry does not just beta against stocks. This week he has again set out his case for buying shares of Molina Healthcare (MOH). -Jamie Chisholm This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. (END) Dow Jones Newswires 12-31-25 0406ET