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‘Big Short’ Investor Has an ‘Absolute, No-Brainer’ Idea to Fix Car Stocks’ Crazy Valuations
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Michael Burry’s bearish bet against Tesla didn’t work out, but he still believes some electric-vehicle companies are wildly overvalued, and that traditional auto makers such as General Motors and Ford Motor aren’t getting the credit they deserve.
He has an idea for how GM (ticker GM) and Ford (F) can close the valuation gap with EV makers like Tesla (TSLA), Rivian Automotive (RIVN), and Lucid (LCID).
“The...