'Tech’s hidden cost destroying value': Legendary investor Michal Burry warns; blames Musk
Legendary investor Michael Burry has slammed Tesla and tech giants for diluting shareholder value through stock-based compensation, arguing it's unfairly excluded from earnings. He highlighted Tesla's 3.6% annual dilution and Elon Musk's massive pay package as prime examples. Burry, known for predicting the 2008 crash, believes these accounting practices mask true costs, urging investors to scrutinize tech valuations.
Legendary investor Michael Burry has slammed Tesla and tech giants for diluting shareholder value through stock-based compensation, arguing it's unfairly excluded from earnings. He highlighted Tesla's 3.6% annual dilution and Elon Musk's massive pay package as prime examples. Burry, known for predicting the 2008 crash, believes these accounting practices mask true costs, urging investors to scrutinize tech valuations.
