Tesla was attacked in a new blog post by investor Michael Burry, who said that the company was ridiculously overvalued. He reported Tesla to continue to dilute stockholders at an average of 3.6% per year and that the huge compensation package of Elon Musk might further elevate dilution. Burry mentioned that the price of the stock of Tesla is grossly overvalued relative to its profit, much higher than the industry average. It is not the first occasion when he criticizes Tesla. In 2021, he was already in a bearish position. Burry is now also doubting the present AI boom and taking on tech giants such as Nvidia and Palantir.
‘Big Short’ Investor Burry Targets Tesla After Slamming AI Valuations
