Investor Michael Burry warns Tesla is 'ridiculously overvalued' with projections of 422,850 Q4 sales, a decrease of 14.93% QoQ. Market cap at $1.53 trillion, trading at 204 times forward earnings.
Investor Michael Burry is criticizing Tesla Inc.'s valuation due to its slowing sales momentum. Tesla's projected fourth-quarter vehicle sales are estimated at 422,850 units, down 14.93% from the previous quarter and 15% year-over-year. This decline signals a potential second consecutive drop in annual vehicle sales, averaging 1,640,752 units, an 8.8% decrease from the previous year's 1.8 million deliveries in 2024. Despite these figures, Tesla remains the most valuable automaker globally, with a market capitalization of $1.53 trillion and trading at 204 times forward earnings. Burry's remarks highlight concerns about Tesla's overvaluation amidst declining sales performance.
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