Michael Burry went on Substack saying $TSLA is “ridiculously overvalued” & that Musk’s comp plan will keep draining shareholders.
He also took a swing at what he calls the “Elon cult” saying they rotate from EVs to autonomy to robots whenever competition shows up.
He already has big positions against $NVDA & $PLTR so the entire post is filtered through a view that AI is just another hype cycle.
If you think AI is a bubble then Burry sounds convincing but if you understand the scale of what’s actually being built then his take feels like it’s coming from a market that doesn’t really exist anymore.