Michael Burry Shorts Tesla, Gary Black Sees Q2 Delivery Beat; Intel Vet Hired for Terafab
TSLA•Michael Burry initiated a sizable Tesla short ahead of Q2 deliveries while investor Gary Black forecasts delivery volumes will surpass consensus yet still holds no position. Tesla tapped an Intel engineering veteran to lead its Terafab initiative, aiming to ramp in-house semiconductor capacity and lower production costs.
1. Hedge Fund Positions and Delivery Forecasts
Michael Burry established a new short position on Tesla shares just before Q2 delivery figures are released, signaling bearish sentiment from a prominent allocator. Meanwhile, veteran investor Gary Black projects that Tesla will exceed consensus delivery estimates but continues to refrain from holding any stake in the stock.
2. Terafab Initiative Leadership Appointment
Tesla recruited a senior engineering executive from Intel to oversee its Terafab semiconductor fabrication project, reflecting a push to internalize chip production. The move is designed to scale in-house manufacturing capacity, reduce reliance on external suppliers and improve cost efficiencies over the long term.
