Burry Predicts Bleak Future for Tesla, Warns of Shareholder Dilution
Michael Burry, the financial genius who predicted the 2008 economic crisis, is now sounding alarms about Tesla. In a recent blog post on Substack titled 'Cassandra Unchained,' he warns that practices like stock-option dilution could spell trouble for the electric car maker.Key TakeawaysBurry predicts Tesla's share price will fall due to financial mismanagement.Tesla is accused of unfairly benefiting executives at shareholders' expense through stock options.The dilution rate for Tesla shares could be as high as 3.6% annually, compared to Amazon’s 1.3%.Michael Burry's latest blog post has sent shockwaves throughout the tech and automotive industries. He argues that companies like Tesla are engaging in questionable financial practices by issuing large amounts of stock options to executives wi...