"Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Michael Burry said, adding that CEO Elon Musk's $1 trillion dollar pay package will dilute Tesla stock even further. "As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up," Burry wrote in a Substack post on Sunday. Michael Burry is the legendary short seller of the housing market during the 2008 financial crisis.
"Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Michael Burry said, adding that CEO Elon Musk's $1 trillion dollar pay package will dilute Tesla stock even further. "As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up," Burry wrote in a Substack post on Sunday. Michael Burry is the legendary short seller of the housing market during the 2008 financial crisis. ♬ Hard Beat Work's - Type Beats Trap
