Legendary short-stock seller Michael Burry has taken a jab at Tesla (TSLA) stock, calling it overrated amongst other big-tech companies. The analyst dubbed the EV maker “ridiculously overvalued” in a Substack post this past Sunday. “Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry wrote. The analyst went on to add that CEO Elon Musk’s $1 trillion pay package will dilute Tesla stock even further.
Despite a 6% rise in the last few days, TSLA shares took a dip on Monday morning following Burry’s dig at the EV giant. While he did not discuss any holdings of Tesla, Burry was not afraid to take off the gloves when bashing the stock’s lack of potential. He went on to also dig into Tesla’s various pivots to other tech projects. “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,” Burry wrote in parentheses.
Other investors have also been fearful of this in the past: Tesla’s lack of focus on one project. Musk even brought up the concept of developing a flying car in the next few years, adding another tough project to its to-do list. That, combined with Musk’s focus on other things outside of Tesla, like XAI or politics, has been a big catalyst in the stock’s bumpy 2025. YTD, TSLA stock is up 12.71%, but it’s been a rocky road full of dips and surges. Thus, many investors have opted against the inconsistent TSLA hype train.
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According to Stockscan TSLA stats, Tesla stock is aiming to hit $400 by 2030, followed by a whopping $4653 by 2040. However, stock markets are subject to intense volatility, especially TSLA. Last week, Melius Research analysts tabbed the EV maker a “must own” due to its autonomy efforts, giving it a bullish 2026 forecast. Earlier this month, Stifel analysts also upped their price target and reiterated Tesla’s Buy rating.