Well-known investor Michael Berry on Wednesday called Tesla “ridiculously overvalued,” but also denied that he was shorting the electric car maker's stock. The founder of Scion Asset Management responded to a user's question about whether he would bet on Tesla's decline in a social media post on the X platform, saying, “I'm not shorting.”

Well-known investor Michael Berry on Wednesday called Tesla “ridiculously overvalued,” but also denied that he was shorting the electric car maker's stock. The founder of Scion Asset Management responded to a user's question about whether he would bet on Tesla's decline in a social media post on the X platform, saying, “I'm not shorting.”