Michael Burry, renowned for predicting the 2008 housing crash, has criticized Tesla's valuation, highlighting its 209 times forward earnings multiple and ongoing shareholder dilution. Burry pointed out Tesla's 3.6% annual stock dilution from compensation without buybacks and warned that Elon Musk's $1 trillion compensation package could further erode shareholder value.
Burry also expressed skepticism about the sustainability of AI demand, taking short positions on Nvidia and Palantir. He argued that inflated vendor financing and hidden hardware depreciation could trigger a market correction, questioning the long-term viability of current AI market valuations.
Michael Burry Criticizes Tesla's Valuation and AI Demand
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