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Fortune

Marco Quiroz-Gutierrez

'Big Short' investor Michael Burry calls Tesla stock 'ridiculously overvalued' and warns on Musk's pay plan

Tesla Inc. Michael Burry Elon Musk Bill Gates X

Photo of Michael Burry (Credit: Astrid Stawiarz—Getty Images)

The Big Short investor who predicted the 2008 housing market crash said EV maker Tesla is “ridiculously overvalued” and warned CEO Elon Musk’s $1 trillion pay plan will only make it worse.

“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Michael Burry, who last month deregistered his hedge fund Scion Asset Management, wrote in a post on a newly launched Substack account.

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