TSLA heavily shorted by Michael Burry!

SCION ASSET MANAGEMENT, the hedge fund owned by Michael Burry - the man who bet against the housing market in 2008, if you are too young, you know him from "The Big Short", is now heavily betting against TSLA!

He owns puts on Tesla for 35% of his portfolio, with a market value of $731,017,000!

Besides the strong competition that TSLA has now in the EV sector, the U.S. National Transportation Safety Board would open an investigation into a fatal crash earlier this month involving a Tesla vehicle in Florida that led to the deaths of two people.

My first price target is 690, but it can drop even further, to 601usd.