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Tesla Grabs Reddit Attention as Michael Burry Reveals Short and Stock Nears 52-Week Low

Tesla emerged as a top Reddit topic on August 5, 2026, driven by Michael Burry's bearish bet, the stock's slide near a 52-week low, and contrasting conviction from Cathie Wood. Retail investors weighed the risks of autonomous-vehicle competition against long-term AI bets.

  1. Michael Burry disclosed short positions against

    TSLA
    $TSLA in a Substack post warning of a potential 1987-style crash, drawing 665 upvotes on r/stocks.

  2. Tesla shares have fallen 20% from June highs and are trading near a 52-week low after Q2 earnings showed operating income down 57% year over year.

  3. Cathie Wood's Ark Invest added $14.3 million in

    TSLA
    $TSLA shares, maintaining a $2,600 price target based on autonomous vehicle and robotaxi potential.

Tesla was the talk of r/stocks on Wednesday after Michael Burry — the investor famous for betting against the 2008 housing market — revealed he is shorting

TSLA
$TSLA alongside several other high-profile names. Burry warned in a Substack post that the market could be near a major top, potentially setting up a 1987-type fall. The post drew 665 upvotes and 420 comments, making it the most-engaged Tesla-related discussion on Reddit that day.

The bearish spotlight comes as Tesla shares languish near a 52-week low. The stock has dropped roughly 20% since June, with the company’s Q2 earnings report revealing a 57% plunge in operating income and margins compressing to just 1.4%. That fundamental deterioration has given ammunition to skeptics, even as the broader S&P 500 hit a new record close.

TSLA

Adding to the pressure, Amazon’s Zoox received federal approval to deploy up to 2,500 steering-wheel-free robotaxis annually, intensifying the autonomous-vehicle arms race.

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$TSLA and Waymo are still awaiting similar approvals, and Uber’s strong Q2 earnings have fueled its own push into robotaxis. The combined $1.19 trillion in value lost by Tesla and SpaceX since June has only deepened the debate over whether the EV maker’s AI and autonomy bets justify its current valuation.

On the other side of the trade, Cathie Wood’s Ark Invest has built an $870 million position in

TSLA
$TSLA, adding $14.3 million just after the recent decline. Wood maintains a 2029 price target of $2,600 per share — roughly 700% upside — predicated on Tesla’s autonomous vehicle and robotaxi technology rather than the Optimus robot initiative. With the stock near its lows, retail investors on Reddit are closely watching which side of the Tesla narrative will ultimately win out.

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