Michael Burry Is (Once Again) Going To Try And Short Tesla

Michael Burry, known for his "Big Short" success, is once again expressing skepticism about Tesla. He believes the company is "ridiculously overvalued," particularly due to shareholder dilution from Elon Musk's substantial pay package. Burry estimates stock-based compensation dilutes shareholders by around 3.6% annually, with no buybacks to counteract this. He criticizes Tesla's shifting narrative focus, moving from EVs to autonomous driving and now humanoid robots, suggesting these themes fade with competition. While his current Tesla position is undisclosed, this adds to recent bearish calls on other tech stocks like Nvidia and Palantir. Burry has transitioned his commentary platform to Substack after deregistering Scion Asset Management. In contrast, Wall Street sentiment towards Tesla is becoming more optimistic, with analysts highlighting its autonomy and chip development. This new criticism follows Burry's significant short position on Tesla in 2021, which preceded a period of volatility for the stock. Despite his past tumultuous bet, Burry suggests a similar pattern could unfold again.