Crucial Quote
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level,” Burry wrote at the end of a post on his Substack published on Tuesday. Burry’s post was primarily detailing his analysis of what he sees as a semiconductor bubble and said nothing else about Tesla. Burry didn’t reveal how large his short position against the company was, and provided no other context about the bet.
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Surprising Fact
Tesla stopped producing several of its higher end models this quarter, discontinuing its Model S and Model X vehicles and focusing on just three cars: the Model 3 sedan, the Model Y SUV and the Cybertruck. Model 3 and Model Y cars made up the clear majority of deliveries in the second quarter, according to Tesla’s data, while only 12,364 Cybertrucks were delivered.
Key Background
Tesla faced rising backlash in Europe after President Donald Trump won the 2024 election. Consumers fled from the company as Musk took more public political stances, such as backing German far-right party AfD prior to the German elections. Sales in Europe plummeted, falling almost 27% over the course of 2025, Reuters reported.
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Forbes Valuation
We estimate Elon Musk’s net worth at $972.4 billion, making him the wealthiest person in the world. His net worth has fallen by over $14 billion on Thursday, as Tesla’s stock price drops and share prices for his newly public SpaceX remain flat. SpaceX’s collapsing share price on Wednesday cost Musk about $50 billion, bringing his net worth down and making him lose his status as the world’s first trillionaire.
Tangent
Tesla’s positive sales numbers come only days after the company’s electric semi truck was involved in its first recorded fatal crash. Two people in Nevada were killed after one of Tesla’s trucks crashed into a Volkswagen Beetle about 30 miles from Tesla’s gigafactory in the state. Details about the crash are still sparse, but the Lyon County Sheriff’s Office said preliminary reports “suggest the driver of the semi may have fallen asleep.”
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