Latest Breaking News On - Scion asset - Page 16 : vimarsana.com

Michael Burry is Shorting Tesla and Buying These 10 Stocks Instead Michael Burry, the investor who rose to fame after exploiting the 2008 financial crisis to his benefit by betting against mortgage securities a feat that later inspired a blockbuster Hollywood film named The Big Short has recently turned his attention towards Tesla, Inc. (NASDAQ: TSLA), the California-based electric vehicle maker owned by eccentric billionaire Elon Musk. Burry, through his hedge fund, Scion Asset Management, now owns a $534 million short position in Tesla, Inc. (NASDAQ: TSLA), based on the 13F data filed by Scion for the first quarter of 2021. The stock of the EV maker has been one of the most volatile on the market in recent months, closing at over $883 in late January, an all-time high, but tanking close to a quarter in value within two months. It is now down close to 35% from the peak four months ago. The rally that took Tesla, Inc. (NASDAQ: TSLA) to the peak was a record one, as share price

United statesElon muskDavid einhornMichael burryPiper sandlerKraft heinzPolen global growth fundFacebook incNumber of hedge fund holdersTesla incSuncoke energy incBerkshire hathawayKraft heinz companyAlphabet incShorting teslaBuying these