Michael Burry tore into Tesla’s sky-high valuation, blasting the electric-vehicle giant as “ridiculously overvalued” in a fresh broadside that marked his most pointed attack on the company in years.
The investor of “The Big Short” fame took to his new Substack platform late Sunday to argue that Tesla’s market cap has been inflated for a long stretch and that Elon Musk’s newly approved $1 trillion pay package will further dilute the company’s stock.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” wrote Burry, whose prescient position on the 2008 financial crisis made him the star of Michael Lewis’ “The Big Short,” which was later turned into a movie.
The Austin-based EV maker is worth $1.38 trillion, with stock trading at around

New York Post Business

Fortune
Reuters US Business
CBS News
104FM WIKY
Omak Okanogan County Chronicle
CNN Business