'Big Short' Burry drops all shorts including Tesla, reduces holdings to six

Value of shares and options cut 98%

Manager of Scion Asset Management Michael Burry has removed all of the shorts in his portfolio and reduced the number of holdings to just six.

According to an SEC filing from 15 November, Burry, who has been vocal in his belief that Tesla is incorrectly valued and argued that CEO Elon Musk "just wants to sell" stock in the firm, has removed his entire collection of put options against the electric vehicle maker. Elon Musk committed to offloading Tesla shares weeks before Twitter poll In the firm's previous filing dated 16 August, the fund had put options against 1,075,500 Tesla shares, along with shorts against 235,500 shares in Cathie Wood's ARK ETF and 1,943,000 shares in an iShares 20-year US treasuries ETF, all of which ...