“Tesla's market capitalization is ridiculously overvalued today and has been for a good long time,” Burry wrote in his Substack newsletter on Sunday.
"The Big Short" investor Michael Burry took aim at electric automaker Tesla in a blog post, saying the Elon Musk-led company is "ridiculously overvalued", days after he voiced concerns about the current AI boom.
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.
Michael Burry is back, and he's turning his fire on Tesla. The "Big Short" investor called Elon Musk's automaker "ridiculously overvalued" in a Substack post.
Tesla's new car sales in Spain fell 8.75% in November from the same month in 2024 to 1,523 vehicles, registration data released by industry group ANFAC showed on Monday.
Tesla's stock has been very volatile over the last five years. Its one-year performance has barely beaten the market.
CEO Elon Musk once described the Cybertruck as Tesla's “best ever” product. But demand for the controversial pickup truck has dried up.
Sunday Robotics hired several former Tesla staff members to work on its Memo home robot. Some Sunday Robotics staff previously worked on the Tesla Optimus and Autopilot programs.
Tesla, Inc. is rated Buy, driven by belief in its AI potential, XAI merger prospects, and alignment with the U.S. "Genesis Mission." TSLA's fundamentals are overvalued as always, but technical analysis suggests an 80% upside to $770-780 is possible if a Wave 3 rally unfolds. A stop-loss near $330 may be prudent, offering a 3:1 risk-reward profile. Proximity to the 200-day moving average makes for a good setup.
Tesla's (NASDAQ: TSLA) stock trades at a high valuation for several reasons.
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on X late Tuesday that the company plans to “roughly double” its Robotaxi fleet in Austin next month, as the electric vehicle maker faces criticism over limited service availability. The current Austin fleet is estimated at about 30 vehicles, according to industry watchers, meaning the expansion would bring the total to roughly 60 cars.
Tesla is stepping up its efforts to get self-driving cars on the road in Europe. The EV maker is offering Full Self-Driving ride-alongs in France, Germany, and Italy next month.