Michael Burry says Tesla is 'ridiculously overvalued,' slams Musk pay package

Short seller Michael Burry just took a swipe at another richly valued stock: Tesla (TSLA). Burry, who rose to fame shorting the housing market during the 2008 financial crisis, dubbed the EV maker as "ridiculously overvalued" in a Substack post on Sunday. Business Insider was first to report on Burry's latest missive. His post took aim at the "tragic algebra" of stock-based compensation, and Tesla was an example. Tesla dilutes its stock by 3.6% a year, he said, and offers no buybacks. "Tesla's market ca ...