Michael Burry Says Tesla Is ‘Ridiculously Overvalued.’ Should You Ditch TSLA Stock Here?

With Tesla's (TSLA) electric-vehicle deliveries contracting and the automaker significantly behind in the robotaxi race, the extremely high valuation of TSLA stock is unjustified. And although the company's robots have some potential, their value is unproven, and history suggests that investors should be skeptical about their outlook.

In light of these points, I agree with Michael Burry's contention that Tesla is “ridiculously overvalued,” and I recommend that investors sell the shares.