Michael Burry calls Tesla 'ridiculously overvalued' and knocks tech industry for a widely used practice

Michael Burry attends the premiere of "The Big Short" at Ziegfeld Theatre on November 23, 2015 in New York City.Michael Burry questioned Tesla's valuation as the investor of "The Big Short" fame took aim at the practice of technology companies issuing tons of stock-based compensation and excluding it from earnings results.The investor argues that when accounting for the true profits that include the cost of this compensation and its negative dilution of the company's value over time, companies like Tesla sh ...