Elon Musk’s Tesla faces criticism from “Big Short” investor Michael Burry, who deems the electric vehicle maker “ridiculously overvalued.” Burry expressed concern about the market’s AI boom and calculated Tesla’s share dilution annually due to share issuance and lack of buybacks. Musk’s $1 trillion pay package was approved by shareholders last month, contingent on performance milestones.

Burry, known for predicting the U.S. housing market crash, has also criticized tech giants like Nvidia and Palantir for inflating profits through aggressive accounting. Meanwhile, Musk believes AI and robotics are crucial to solving the nation’s $38 trillion national debt, noting that interest payments alone exceed the U.S. military budget.

Tesla shares dipped slightly to $427–$430 as Burry’s critique gained attention. Musk’s optimism about Tesla’s growth plans has driven the stock price up over the past year. Burry’s earlier success in predicting market collapses has earned him fame as a contrarian investor, immortalized in “The Big Short.”

Read more at Yahoo Finance: Elon Musk’s Tesla faces fresh criticism from ‘Big Short’ investor Michael Burry