“This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Edward Sheldon has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended Tesla. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Simply click below to discover how you can take advantage of this. Edward Sheldon, CFA | Thursday, 20th May, 2021 | More on: TSLA I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! One investor I tend to keep a close eye on is hedge fund manager Michael Burry. A little over a decade ago, Burry made an absolute fortune by successfully predicting the 2008/2009 US housing market crash and betting against subprime mortgages. His character was featured in the Hollywood blockbuster ‘The Big Short’.Recently, it has come to light that Burry has a huge short position in Tesla stock. This means he’s betting that shares in the electric vehicle manufacturer will fall. Here, I’m going to take a closer look at Burry’s position on TSLA. I’ll also explain how I’d approach Tesla stock now.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Burry is shorting Tesla stockRegulatory filings from Burry’s firm, Scion Asset Management, reveal that at the end of March, Burry owned put options on 800,100 Tesla shares.A put option on a stock allows an investor to sell that stock at a certain price in the future. Sophisticated investors often buy put options on a stock when they expect that stock’s price to fall. If the price does fall, the put options become more valuable.Based on Tesla’s share price of $668 at the end of the first quarter, the value of Burry’s short bet on Tesla was about $530m. This is clearly a big bet against the stock.Why is Burry shorting Tesla?Burry typically doesn’t say much about his positions. He tends to stay out of the spotlight. Since it came to light that Scion has a $530m bet against Tesla, the firm has not said anything about the short position.However, in my view, it’s pretty easy to see why Burry is shorting Tesla. You see, Burry is a committed value investor. In the past, he’s said his investment style is built around the book ‘Security Analysis’ by Benjamin Graham and David Dodd – which focuses on value investing. “All my stock picking is 100% based on the concept of a margin of safety,” he has said.Looking at Tesla, it’s hard to see value. Currently, the company has a market capitalisation of $557bn. That’s about 11.5 times the market-cap of Ford. Given that Tesla delivered 499,500 cars last year, it’s valued at about $1.1m per car delivered (versus $11,500 for Ford). Clearly, Burry believes Tesla’s valuation is too high.How I’d approach TSLA stock nowTesla does have a number of things going for it. For starters, it’s the clear leader in the electric vehicle (EV) space right now. This industry is growing rapidly and has a long growth runway ahead. In the coming years, Tesla is going to sell a lot of EVs.Secondly, it has an amazing CEO in Elon Musk. There’s no doubting Musk is a genius. Betting against him hasn’t worked out well in the past.However, given the size of Burry’s short on Tesla, I continue to think caution is warranted towards the stock at present. Given his track record, I think his view on Tesla is worth noting. Michael Burry is shorting Tesla stock. Here’s what I’d do now Our 6 ‘Best Buys Now’ Shares See all posts by Edward Sheldon, CFA Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images.