The famous investor bet half a billion on the fall of Tesla shares

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The famous investor bet half a billion on the fall of Tesla shares

19.05.2021 News

American investor Michael Burry, who predicted the financial crisis of 2008 and became the prototype of one of the characters in the movie The Big Short, made a huge bet on the fall of shares of Ilon Mask`s Tesla, Reuters writes.

As of March 31, Bury’s Scion Asset Management investment fund had an option to sell $ 800,100 of Tesla shares, valued at $ 534 million at the time.

Investors to make money in the event of a fall in the value of shares use such instruments.

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