Michael Burry built his reputation calling the 2008 housing crash, a trade immortalized in “The Big Short.” Since then, Wall Street has watched every new position he takes, even when his timing has occasionally run ahead of the market by months or years.
This summer, Burry loaded up on bearish bets across some of the market’s most crowded AI-linked trades, spanning electric vehicles, heavy industry and semiconductors
A month later, the market pullback he seemed to be waiting for has actually shown up, and his scorecard is starting to fill in. How Burry’s Tesla and Caterpillar short positions are performing Burry’s short positions on Tesla and Caterpillar have moved sharply in his favor during July’s broader market pullback, CNBC reported on July 24. Burry disclosed in late June that he shorted Tesla at $416.22 a share.
Caterpillar, meanwhile, has slid about 16% this month to $894.54 from the $1,060.98 level where Burry entered his short. Tesla’s drop isn’t just about Burry. The company’s second quarter 2026 earnings missed badly.