Tesla ridiculously overvalued: 'Big Short' investor Michael Burry
Michael Burry, the famed 'The Big Short' investor who predicted the 2008 housing crisis, has called Tesla's market capitalisation "ridiculously overvalued". Tesla dilutes its shareholders at about 3.6% per year with no buybacks, and CEO Elon Musk's $1 trillion pay plan will make it worse, Burry said. Burry's hedge fund shorted about $530 million of Tesla stock in 2021.