‘Big Short’ Investor Michael Burry Calls Tesla ‘Ridiculously Overvalued’
Michael Burry, the investor known for predicting the 2008 financial crisis, has criticized Tesla's stock valuation. In a recent blog post, Burry described Elon Musk's electric car company as 'ridiculously overvalued.'
Burry shared his views on his Substack newsletter, adding that Tesla's market value has been too high for a significant period of time.
He also raised concerns about Elon Musk's compensation package, saying that it could further dilute Tesla's stock if it is fully paid out.
This statement comes after Burry recently voiced concerns about high valuations in the artificial intelligence sector.
Michael Burry is an investor who became famous for predicting the 2008 financial crisis, as shown in the movie 'The Big Short.'
He said that Tesla is 'ridiculously overvalued' and that its market value has been too high for a long time.
He mentioned that if Elon Musk’s $1 trillion pay package is granted, it may further dilute Tesla's stock.
No specific actions were mentioned, only Burry’s opinion about Tesla’s valuation and concerns over the pay package.
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