Michael Burry's 2024 short bets against Tesla and Caterpillar are now in the black, according to CNBC. The Scion Asset Management founder disclosed put positions against both stocks in mid-2024 filings, a rare public disclosure from the investor best known for calling the 2008 housing crisis via The Big Short.
Why it matters
When Burry publishes a 13F he is effectively endorsing the trade for his own book, and the market reads his moves closely. Both Tesla and Caterpillar spent the intervening months trending lower, with margin pressure showing up in recent earnings prints across the industrial and EV complex. A green position validates the original thesis that both names were priced for optimistic scenarios that the macro environment was already undermining.
Market impact
The CNBC flag is partly a status update on Burry's book and partly a signal that hedge-fund-level skeptics are still comfortable being short automakers and heavy-equipment makers into a slowing growth backdrop. Follow-on retail interest in TSLA and CAT puts tends to follow any public Burry mention, which can amplify downside momentum in the underlying shares over the next sessions.
Frequently asked questions
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What positions did Michael Burry disclose against Tesla and Caterpillar?
Burry disclosed put positions against both Tesla and Caterpillar in mid-2024 13F filings with the SEC, a rare public disclosure from the Scion Asset Management founder.
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Why is Burry's 13F filing market-moving?
Burry rarely publishes his holdings, so each 13F is treated as a public endorsement of the trade. The market reads his positions closely, which often draws follow-on retail and institutional interest.
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How is the Tesla and Caterpillar short trade performing?
Per CNBC, both positions are now in the green. Tesla and Caterpillar have trended lower since mid-2024, with margin pressure visible across recent earnings in the EV and industrial complex.
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What is Michael Burry's track record on public short bets?
Burry's 2008 housing-market call, immortalised in The Big Short, was a generational win. His 2021-2022 puts against Tesla and the ARKK ETF were widely pummeled for months before the broader market aligned with his thesis.
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Why does this matter for retail traders watching these stocks?
Any public Burry mention tends to draw follow-on retail interest in puts on the named tickers, which can amplify downside momentum in the underlying shares over the next trading sessions.
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