Michael Burry reveals $534 million short position against Tesla

Michael Burry, the investor portrayed in 'The Big Short' book for betting against US housing bubble, has disclosed a short position against Tesla. In a regulatory filing, Burry's Scion Asset Management revealed it has bearish put options on 8,00,100 Tesla shares as of March 31, worth $534 million. Tesla fell 2.2% on Monday valuing the company at around $555 billion.