Renowned investor Michael Burry on Wednesday denied shorting Tesla‘s shares after calling the EV maker “ridiculously overvalued.”

In a social media post on X, the Scion Asset Management founder responded to a user asking if he would bet against Tesla, saying: “I am not short.”

Burry, who earned his reputation by successfully predicting the collapse of the U.S. housing market that led to the 2008 global financial crisis, clarified his position after describing Tesla as “ridiculously overvalued” in a separate post.

“The Big Short” investor made the same assessment of Tesla’s stock valuation to subscribers of his new paid Substack newsletter earlier in the month.

Burry recently made headlines with a tech short bet. He said some of America’s largest companies were using aggressive accounting to inflate their supposed profits from the AI boom.

Burry’s latest comments on Tesla come shortly after the company took the unusual step of publishing sales estimates that appear to indicate a lower-than-expected outlook for its vehicle deliveries.

Tesla on Monday compiled an average estimate for 1.6 million vehicle deliveries in 2025, down roughly 8% from 2024 and putting the company on track for its second straight drop in annual vehicle sales.

Tesla has endured a rollercoaster ride this year. The company, whose stock recently notched an all-time closing high of $489.88, saw shares collapse in the first quarter amid stiff competition, particularly from Chinese EV manufacturers, and reputational fallout from Musk’s incendiary political rhetoric.

Shares of Tesla were seen slightly lower in premarket trade on Wednesday. The company’s stock has gained more than 12.5% in 2025.

— CNBC’s Yun Li contributed to this report.