Michael Burry( Michael Burley) recently posted "bearish" Tesla remarks on social accounts. Tesla's valuation is absurd compared with other companies in the industry, he argues. In his release, a screenshot shows Tesla's valuation with its competitors. He pointed out that Tesla's market sales rate reached 18, compared with the industry average of 0.35.
"Global auto (excluding Tesla) sales are $2.3 trillion, EBIT is $100 billion, and market capitalization is $807 billion," he wrote on twitter. Tesla sold $25 billion (without EBIT), with a market capitalization of $438 billion. Tesla's regulatory points revenue is a melting ice
Michael Burry is the protagonist prototype in the movie big short. Its management of the Scion Scion (Asset Management) has earned 750 million dollars for investors in the real estate bubble of 600 million dollars in 2007. Therefore, it became famous as a legendary Wall Street legend.