Michael Burry, the investor famous for predicting the 2008 financial crisis, has criticized Tesla's valuation as "ridiculously overvalued." He argues that stock-based compensation, including Elon Musk's massive pay package, dilutes shareholder value and distorts true profitability. Burry believes this accounting practice, common in tech, masks recurring expenses and makes Tesla's market value unsustainable.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/8AcLia3
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