Michael Burry says Tesla stock is 'ridiculously overvalued'

Michael Burry has decided Tesla belongs in his personal pantheon of overvalued giants. The “Big Short” investor, who named his new Substack “Cassandra Unchained” after the doomed mythological prophet and amassed about $1.1 billion in puts on Nvidia and Palantir, is now using his newsletter to argue that “Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time” and that CEO Elon Musk’s $1 trillion pay package all but guarantees more dilution for shareholders. In Bur ...