Tesla Faces Mounting Pressure as Sales Slump and Vision Falters

The celebrated investor Michael Burry, who famously bet against the U.S. housing market before the 2008 financial crisis, has once again taken a bearish position against Tesla. With the company’s shares trading at elevated levels, Burry has labeled the electric vehicle maker as “ridiculously overvalued.” This criticism arrives alongside a series of concerning developments for the automaker, including a severe downturn in European sales and a significant admission from CEO Elon Musk regarding the company’s autonomous driving ambitions. These converging factors raise serious questions about whether Tesla’s market valuation is due for a major correction.

Recently released vehicle registration data for November paints a stark picture of Read more...