Michael Burry

Michael Burry says Tesla is ‘ridiculously overvalued,’ slams Musk’s pay packet

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Michael Burry says Tesla is ‘ridiculously overvalued,’ slams Musk’s pay packet

Short seller Michael Burry just took a swipe at another richly valued stock: Tesla (TSLA). Burry, who rose to fame shorting the housing market during the 2008 financial crisis, dubbed the EV maker “ridiculously overvalued” in a Substack post on Sunday. Business Insider was the first to report on Burry’s latest missive. His post took … Read more

Nvidia says it is not using ‘circular funding’ schemes. 2 famous short sellers disagree.

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Nvidia says it is not using ‘circular funding’ schemes. 2 famous short sellers disagree.

Nvidia (NVDA) sent a memo to Wall Street analysts over the weekend arguing that it is not involved in vendor financing, a controversial practice in which suppliers invest or extend loans to their own customers. Famous short sellers Jim Chanos and Michael Burry aren’t so sure. Nvidia wrote a seven-page document – first reported by … Read more