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- Michael Burry is back, and he's turning his fire on Tesla.
- The "Big Short" investor called Elon Musk's automaker "ridiculously overvalued" in a Substack post.
- Burry has disclosed big bets against Nvidia and Palantir and used his blog to criticize the AI boom.
Michael Burry is taking on a who's who of the world's biggest tech giants — and now he's picking a fight with Elon Musk.
The investor of "The Big Short" fame called Tesla "ridiculously overvalued" in a post on his Substack released late Sunday evening, after previously disclosing bets against Nvidia and Palantir.
"Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Burry wrote, adding that he expects Musk's $1 trillion dollar pay package to continue to dilute the company's shares.
"As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up," the legendary investor said.
It's not the first time Burry has taken aim at Tesla. The investor placed a bet against $530 million worth of Tesla shares in 2021 but exited the position a few months later, with Burry telling CNBC the move was "just a trade."
Tesla did not immediately respond to a request for comment about Burry's post.
Musk's EV maker is the latest tech giant to draw the investor's fire.
Burry, whose bet against the housing market in 2008 was famously depicted in "The Big Short" movie, has been outspoken in his belief that the current AI boom is a bubble.
Last month, he disclosed bets against Nvidia and Palantir and engaged in a war of words with both companies.
In a pivot, he deregistered his hedge fund in November and set up his Substack last week.
Burry is not the first to call Tesla overvalued. The company's shares trade at over 250 times its earnings, far higher than other carmakers, and fellow famed short-seller Jim Chanos also said in 2023 that Tesla was overvalued.
Musk hits back at short sellers
Despite a DOGE-related wobble at the start of the year, Tesla's shares are up 11% in 2025 as investors have cheered the company's robotaxi rollout.
Musk has hit out against Tesla's critics and short sellers, predicting that the EV maker will become the most valuable company on the planet.
The billionaire's $1 trillion pay package, which was approved by Tesla shareholders last month, is contingent on the company's market cap rising over the next decade to $8.5 trillion, nearly double the valuation of Nvidia.
The Cybertruck maker continues to dominate the EV market in the US, with around 41% market share as of August — but that number has fallen in recent years as competitors have rolled out more electric models.
Musk has said that Tesla's robotaxi and Optimus robot are the future of the company. But Tesla faces fierce competition there too, from companies like Google-backed Waymo and Chinese robotics startup Unitree.
Read the original article on Business Insider
