Here's how much Tesla stock plummeted since Michael Burry revealed bet against TSLA

Tesla shares fell sharply after the company’s Q2 2026 earnings report disappointed investors, reinforcing the bearish case for short sellers. The stock dropped 14.52% after earnings and was down 16.16% for the week, trading at $319.69 on July 24 versus $416.22 when Michael Burry disclosed his short position on June 30, a decline of 23.19%. The article highlights that Tesla missed EPS expectations ($0.33 vs. $0.51 forecast) even though revenue beat estimates ($28.24 billion vs. $25.71 billion). Margin compression and the earnings miss drove the selloff. The piece also notes that short sellers in Tesla may have collectively earned about $4.1 billion, while Burry’s own gains are unknown because the size of his position was not disclosed. It additionally mentions Burry’s other short calls on Caterpillar and Applied Materials have worked out, while his Nvidia short has been a loser so far.