Michael Burry again targets Tesla ahead of Q2 deliveries, while Gary Black cites a possible near-term improvement but stays sidelined

Tesla’s upcoming delivery reporting period has attracted fresh attention from prominent short sellers and market commentators, highlighting how much investors are still focused on demand indicates from the company’s core business.

According to a report carried by Yahoo Finance and circulated via Stocktwits, Michael Burry said he opened a short position in Tesla at $416.22 ahead of the company’s Q2 delivery report. Burry said he was “happy it jumped back to this level,” implying that Tesla’s share price returned to a key level he had identified before deliveries were released.

Burry’s comments were paired with a view from Gary Black, an investor and former equity analyst who follows Tesla closely. Black told Yahoo Finance that he believes Tesla could deliver a “beat” in the near term related to Q2 deliveries. Even with that expectation, Black said he still would not buy or own Tesla stock at current levels.

In market terms, deliveries are a widely watched proxy for vehicle demand, especially for auto companies that monetize over time through pricing, financing, and service. For Tesla, the Q2 deliveries update typically influences investor perceptions of whether the company can sustain growth while managing margins and competitive pressure.

The remarks also underscore a pattern in Tesla’s trading, where investors often react sharply to delivery timing and the direction of year-over-year comparisons. When delivery expectations are divided, stock moves can occur even without immediate changes to production guidance, because investors quickly reprice the implications for future volumes.

Tesla, however, did not disclose in the cited post any additional operational details, margin targets, or production plans around the Q2 window. The Yahoo Finance/Stocktwits item focused on investor positioning and commentary rather than providing new company information about factory output, pricing, or order demand.

Sector context matters because the electric vehicle market has been in a phase of intense competition and shifting incentives. In that environment, deliveries can become a focal point for near-term trading even as longer-term debates continue about technology roadmaps, cost reductions, and product mix.

What remains unclear from the cited reporting is how large Burry’s position is, what his time horizon is for the short, and what precise delivery figures he expects or is reacting to. The post also does not detail what specific drivers, such as regional mix or inventory levels, Black believes would support a “beat,” beyond his general expectation. Readers should therefore treat the commentary as an assessment of near-term probabilities rather than a substitute for the company’s reported delivery results.