Short-Seller Michael Burry Labels Tesla ’Overrated’ as Stock Reacts

Legendary short-investor Michael Burry has targeted Tesla (TSLA) in a scathing critique, calling the electric vehicle maker "ridiculously overvalued." In a Substack post, Burry dismissed Tesla's market capitalization as inflated and warned that CEO Elon Musk's $1 trillion pay package could further dilute shares. The stock dipped Monday morning despite a recent 6% rally.

Burry took aim at Tesla's shifting focus, mocking its pivot from electric vehicles to robots and other speculative tech ventures. "The Elon cult was all-in on electric cars until competition showed up, then all-in on robots—until competition shows up," he wrote. Investors have long questioned Tesla's scattered priorities, particularly as Musk diverts attention to projects like XAI and political commentary.

Year-to-date, TSLA remains up 12.71%, but Burry's intervention underscores persistent skepticism about the company's valuation and execution risks. No cryptocurrency exchanges or digital assets were mentioned in relation to the story.