The sell-off followed Musk's launch of a Twitter poll to determine whether he should sell 10% of his Tesla stock. Tesla stock has slumped 16% over the past two trading days, erasing nearly $200 billion from its market capitalization. '$TSLA at $163/share is 'too high' and he was not kidding, said Burry tweeted, linking to a Wall Street Journal article about the Tesla CEO's comment. The Scion Asset Management boss noted Elon Musk himself said Tesla was overvalued last year, when the clean-energy company's stock was trading at less than a sixth of its current price (adjusted for Tesla's five-for-one stock split in August 2020). $AMZN fell 95% 2 decades ago, changed its whole biz, and thrived much later,' Burry tweeted.

'Can $TSLA fall 80, 90%? After 2000, many high flyers did. The investor of 'The Big Short' fame drew a parallel to Amazon shares plunging when the dot-com bubble burst, and only soaring years later once the e-commerce giant transformed its business. Michael Burry suggested Tesla stock could plummet 90% in a now-deleted tweet on Tuesday. The investor's fund held bearish put options against Tesla stock as recently as June 30.Burry noted that Tesla CEO Elon Musk said the automaker's stock price was 'too high' last year.

'The Big Short' investor Michael Burry said Tesla stock could plunge 90% in value.

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