‘Tesla is ridiculously overvalued’: Big Short investor Michael Burry warns Musk’s $1 trillion payout will erode value
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Michael Burry, the investor famous for predicting the 2008 financial crisis, has criticized Tesla's valuation as "ridiculously overvalued." He argues that stock-based compensation, including Elon Musk's massive pay package, dilutes shareholder value and distorts true profitability. Burry believes this accounting practice, common in tech, masks recurring expenses and makes Tesla's market value unsustainable. What's Your Reaction?
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