Michael Burry has bet against the shares of Tesla Inc., saying they are “ridiculously overvalued” and warning that founder Elon Musk’s proposed $1 trillion pay package would worsen shareholder dilution.
Burry — best known for correctly betting against the US housing market during the 2008 financial crisis — estimated that the electric-vehicle maker’s stock-based compensation dilutes shareholders by about 3.6% per year, with no buybacks to offset it, according to a reportBloomberg Terminal from Fortune, which cited a post on the investor’s Substack. He didn’t respond to Bloomberg News’s request for comment.
![Tesla's entry-level Model 3 sedan [SCREEN CAPTURE]](https://www.evshift.com/wp-content/uploads/2026/01/1768620872_0fecd24b-2e4f-40e4-acb9-19e23f494e3f-770x499.jpg "Tesla’s Standard Model 3 sedan priced in 30 million won range after gov’t subsidies")
