Michael Burry slams Tesla as “Ridiculously Overvalued” in new warning to investors

Michael Burry, the famous short seller from the 2008 housing crisis, attacked Tesla again and said the company is "ridiculously overvalued" in a new Substack post. Burry wrote that Tesla gives too much stock-based compensation and called it “tragic algebra.” He said Tesla dilutes its stock by 3.6% every year and does not do any stock buybacks, as reported by Yahoo Finance. Burry warned that Elon Musk’s $1 trillion pay package will dilute Tesla shares even more. He noted that Tesla shareholders recently app ...