Burry Warns of Tesla's Overvaluation, Stock-Based Compensation

Michael Burry, known for predicting the 2008 housing crash, now questions the high valuation of companies like Tesla. He argues that stock-based compensation, not fully counted as expenses, inflates profits. Burry believes Teslas market value is ridiculously overvalued due to this practice, which dilutes shareholder value. He also criticizes other tech companies like Palantir and Amazon for similar compensation practices. Burry recently launched a newsletter to share these insights, emphasizing the need for investors to consider the full impact of stock-based compensation on a companys true value and shareholder ownership.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.