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Michael Burry Calls Tesla Stock 'Ridiculously Overvalued'

12/1/2025

Summary

Story summary

Michael Burry, founder of Scion Asset Management, labeled Tesla, Inc.'s stock "ridiculously overvalued" in a Substack post.
He estimates Tesla dilutes shareholder value by 3.6% annually, tied to Elon Musk's $1 trillion pay package.
His skepticism aligns with other investors as Tesla trades at 209 times earnings, far above traditional automakers.
Despite a 41% U.S. EV market share, competition grows in robotaxi, with Waymo and Unitree posing challenges.

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Story summary

Michael Burry, founder of Scion Asset Management, labeled Tesla, Inc.'s stock "ridiculously overvalued" in a Substack post.
He estimates Tesla dilutes shareholder value by 3.6% annually, tied to Elon Musk's $1 trillion pay package.
His skepticism aligns with other investors as Tesla trades at 209 times earnings, far above traditional automakers.
Despite a 41% U.S. EV market share, competition grows in robotaxi, with Waymo and Unitree posing challenges.