Use wechat to scan the QR code < / P > < p > to share with friends and circle of friends_ blank" href=" https://news.163.com/news/search?keyword=%E5%A4%A7%E7%A9%BA%E5%A4%B4 "> big short < / a >" prototype Michael burry aimed at < a target = "in December last year_ blank" href=" https://news.163.com/news/search?keyword=%E7%89%B9%E6%96%AF%E6%8B%89 "> after Tesla < / a >, it finally came out. According to the regulatory documents submitted to the SEC by scion asset management, which he owns, burry disclosed for the first time that he had a short position in Tesla by the end of March. In the previous regulatory documents of the company, Tesla had never appeared in any form p> According to the 13F form submitted by scion asset management on May 17, as of March 31, the company had 80100 shares of Tesla's bearish < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E6%9C%9F%E6%9D%83 "> Options < / a >, with a value of $534.4 million, but the exercise price, maturity date and premium of the options are not disclosed p> Before that, burry tweeted that Tesla's reliance on regulatory points to generate profits was an obstacle to the company's long-term prospects, but the relevant tweets were later deleted p> < p > according to the financial report, Tesla achieved a net income of $270 million in the fourth quarter of last year, which was realized by selling $401 million worth of regulatory points to other automobile manufacturers, compared with $518 million reported by the company in the first quarter of this year. Some media reported that Tesla has accumulated about US $1.6 billion of regulatory points in history, mainly for zero emission vehicles, which helps Tesla report profits for more than four consecutive quarters p> Burry has been short of Tesla for a long time. As early as September 21 last year, burry pointed out that Tesla's valuation was too absurd compared with other companies in the industry. At that time, he posted a screenshot on Twitter and pointed out that Tesla's market sales rate reached 18, while the industry average was 0.35 p> Burry pointed out in a subsequent tweet that Tesla needs to sell regulatory points to make a profit. In addition, he said that with the gradual expiration of the tax credit policy, Tesla's sales growth was weak, while low-grade lithium phosphate meant lower energy intensity and lower mileage. It is worth noting that he has added the label of "#Bubble" in these two tweets. p> < p > in December last year, burry said on social media that he was publicly shorting Tesla. After that, he said in a deleted tweet that his short position on Tesla was growing. However, this is not consistent with the disclosure of regulatory documents p> While burry was bearish, shorting Tesla became the biggest loss last year. Ihor dusaniwsky, general manager of forecast and Analysis Department of S3 partners, pointed out in a note to customers that Tesla's short losses in 2020 will exceed $40 billion at market price, which is also the largest short annual loss in history p> < p > except burry, Tesla CEO < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E9%A9%AC%E6%96%AF%E5%85%8B "> musk < / a > also pays close attention to the company's profitability. In December last year, musk publicly warned in an email to employees that the company must control its spending to continue to achieve quarterly profits, otherwise, Tesla's soaring < a target = "_ blank" href=" https://news.163.com/news/search?keyword=%E8%82%A1%E4%BB%B7 "> stock price < / a > will collapse immediately. At that time, he said that although Tesla had recorded positive net income for five consecutive quarters, the actual profit margin of Tesla was quite low, only about 1%; The reason why the current stock price is high is because of investors' expectation of future profits, rather than recent performance; If the company's profits once the situation, the company's share price will experience a slump p> < p > Tesla's share price fell all the way after opening low today, with the biggest decline of nearly 4.8%. Although it rebounded before the closing, it failed to turn red. By the end of the day, Tesla's shares had fallen 2.19% to $576.83 p>