Tuesday, December 6, 2022
News Famed Investor Is Betting Against Tesla In Favour Of Volkswagen In The...

Famed Investor Is Betting Against Tesla In Favour Of Volkswagen In The EV Race

Burry is convinced that Tesla shares will collapse while VW’s stability will thrive and push it ahead in the EV race


  • Investor is Michael Burry known for his bet against the US housing bubble from the mid-2000s which inspired the book and movie “The Big Short.”

  • His firm Scion Asset Management owns shares in Porsche, which owns part of Volkswagen, which owns Porsche.


This story is interesting because Michael Burry, a famed US investor, is betting that Volkswagen will beat out the current world champion Tesla, in electric vehicles. The latter essentially created the game and has owned it for nearly a decade. Despite these advantages, Burry thinks Volkswagen will walk away with the championship belt.

Volkswagen ID.3 | Photo: Volkswagen

Burry predicted in early January of this year that Tesla stock will collapse before long. Tesla’s stock blew up by about 740% in 2020 and is still shooting for the stars in 2021. According to Burry, this won’t last: “Enjoy it while it lasts,” the Scion Asset Management founder and boss added.

As reported by Business Insider, Burry has shorted Tesla and is betting on Volkswagen to have the final word when it comes to electric vehicles. Over the last few days, he posted a number of comments on Twitter including:

2021 Tesla Model 3 | Photo: Tesla

“Investors, partly due to the #ESGFog, underestimate the size, scale, brands, staying power, and resources of Volkswagen,” This was in relation to a Bloomberg story that the new Volkswagen ID.3 measures up favorably to Tesla vehicles.

Burry completed with: “Ever wonder who owns Bentley, Bugatti, Lamborghini, Porsche, Ducati, etc? VW,” Burry said in another tweet. “Although, Porsche owns VW too. Interested why VW and Porsche do not trade in the US? Because what US investors think is not too important to VW or Porsche.”

Trending Now

Hyundai Announces U.S. Battery Partnership With SK On

Hyundai will get batteries from SK On from 2025 New US EV plant expected to open that year Hyundai has signed a new agreement...

More power and more range for the 2024 Volvo C40/XC40 Recharge

The 2024 model year will switch to a RWD setup. Expect more power and more range. Will Polestar follow Volvo with the 2?   It...

Volkswagen Group’s First North American Battery Plant Could be in Canada

The automaker’s PowerCo battery subsidiary said it is now looking at potential sites in Canada for a new battery plant. VW’s partner, Umicore,...

BMW M CEO Says There is Room for an M4 CS: Report

Last M4 CS was a farewell to that generation of the M4 Could offer 540hp, CSL carbon goodies BMW might be planning another go...

Corvette to Become a Brand with Sports Cars, SUVs, and a Sedan

GM will maximize the Corvette’s name recognition. The line-up will consist of premium sporty vehicles. Also, there’s too much money to be made by...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.