Tesla is no longer the global EV sales leader, falling behind Chinese company BYD. Michael Burry criticizes Tesla’s overvaluation but is not shorting TSLA stock. The company lost sales due to Elon Musk’s political activities and the expiration of federal tax credits. Tesla’s stock has underperformed the S&P 500 and has an eye-watering valuation with a high P/E ratio. The third-quarter earnings report showed record revenue but an earnings miss, with declining margins and deliveries. Tesla’s future includes self-driving cars and robots, but analysts are divided on its prospects. Price targets for TSLA stock range widely, highlighting the risks of investing in Tesla.

Read more at Barchart: Michael Burry Says He Isn’t Shorting Tesla Stock. What Does That Mean for You in 2026?