Tesla’s ( TSLA ) valuation and shifting global performance take center stage. Tesla is back in the spotlight as well-known short seller Michael Burry calls the stock “ ridiculously overvalued ” while new data shows weakening demand across several major markets. Key Points Burry criticized Tesla’s valuation and stock-based compensation practices. European and Chinese sales data show broad declines, with few bright spots. Long-term optimism hinges on autonomy and robotics, but near-term pressure remains. Tesla’s Valuation Faces New Scrutiny Burry, famous for shorting the housing market in 2008, argued that Tesla’s current valuation is inflated and pointed to what he calls the “tragic algebra” of stock-based compensation. He noted that the company dilutes its shares by about 3.6% a year without conducting buybacks. He warned that CEO Elon Musk ’s recently approved $1 trillion pay package could increase dilution further, raising questions for investor...