Michael Burry of The Big Short fame, known for his prescient handling of the 2008 subprime mortgage crisis, has moved to clear the air after renewed headlines suggested he had revived a short position against Tesla (NASDAQ: TSLA).
TSLA's registrations sank across major European markets in November, with steep drops in France and Denmark despite new Model Y and Model 3 variants.
November was only the third month this year in which Tesla reported sales growth in this major EV market.
Our conversation began with the latest report out of Europe. I told Lee that the region's automotive association released monthly sales showing Tesla down 49 percent and BYD up an astonishing 210 percent.
"The Big Short" investor Michael Burry questioned Tesla's valuation in a weekend blog post. The post is critical of Tesla and the technology industry as a whole for its use of stock-based compensation and then ignoring it as a legitimate expense.
U.S. stocks appear soft in pre-market trade, with Tesla, Palantir, and Super Micro Computer all set to open lower. Despite early weakness, key support zones suggest potential dip-buying opportunities, though choppy conditions continue to limit conviction.
December is a pretty good month for shares of the electric-vehicle maker.
Tesla (NASDAQ:TSLA) finds itself at a sensitive juncture as 2025 comes to an end. On one hand, its stock price indicates a company on the edge of achieving general artificial intelligence, trading at an enormous premium that exceeds the valuation of the entire global automotive sector combined.
Michael Burry, famed for shorting the housing market during the Great Recession, recently made headlines by saying Nvidia Corp.
Michael Burry, the investor who shot to fame for calling the 2008 housing crash, has taken aim at Tesla Inc (NASDAQ:TSLA) again, arguing the carmaker's valuation has drifted far beyond reason. In a recent Substack post, he criticised the company's heavy use of stock-based pay, claiming it dilutes existing shareholders by more than 3% each year.
"Big Short" investor Michael Burry calls Tesla "ridiculously overvalued" while Elon Musk defends AI robotics as the solution to the debt crisis, spotlighting the two's contrarian views.
Why the Tesla CEO sees opportunity in shares of Alphabet and Nvidia, which have enjoyed strong rallies this year.