Burry Bets Against Tesla, Warns of Dilution

Financial investor Michael Burry has placed a significant bet against Tesla, deeming it ridiculously overvalued. He warns of potential dilution from Elon Musks one trillion dollar pay package. Meanwhile, Tesla faces shareholder scrutiny over the massive compensation plan, with Norges Bank Investment Management voting against it due to concerns about dilution and reliance on Musk. Despite a six-and-a-half percent gain this year, Teslas stock is priced at nearly two hundred times its projected profits, raising questions about its valuation.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.