🧾MARKET RECAP → Stocks closed higher on Tuesday as technology stocks moved higher and bitcoin (BTC) rallied back past $90,000.

⚠️ BURRY SOUNDS ALARM ON TESLA → Tesla’s (TSLA) lofty valuation + heavy dilution + a jumbo Musk pay deal make it a speculative swing, not a safe anchor, according to “The Big Short” legendary investor Michael Burry.

⏱️ OPENAI SOUNDS ALARM → OpenAI shifts to wartime mode, shelving side quests to fortify ChatGPT as rivals close the gap.

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For the week beginning December 01, 2025

🚗 Bubbly valuation, loud alarm bells: Investor Michael Burry called Tesla (TSLA) “ridiculously overvalued,” arguing the EV maker’s market cap has been disconnected from fundamentals for a long time. He pointed to ongoing shareholder dilution and warned that Elon Musk’s newly approved pay package — potentially worth up to $1 trillion — would make things worse.

⚠️ Dilution + lofty multiples = risk: Burry estimates Tesla dilutes its shares by roughly 3.6% per year via stock-based compensation — and with no buybacks in sight, that dilutive effect compounds over time. He also warned that TSLA trades at valuations far richer than peers, which leaves little margin for execution misses.

🔎 Why this matters now: As appetite for high-growth EV and tech stocks cools, Burry’s thesis is a warning shot: if Tesla fails to deliver—or if sentiment sours—the downside could be steep. For investors, this underscores the need to treat TSLA as a high-beta, high-risk bet rather than a long-term stable core holding.

🚨 “Code red” at OpenAI: CEO Sam Altman reportedly told staff that rising competition from Google and Anthropic has triggered a full internal “code red.” The mandate: prioritize improving ChatGPT’s speed, reliability, and overall user experience above every other initiative.

⏳ Big side projects get paused: To redirect resources, OpenAI is shelving or slowing several business efforts — including ads, AI shopping and health agents, and its personal-assistant project “Pulse.” The company is effectively reallocating its entire bench toward reinforcing ChatGPT’s core strength.

⚔️ The AI race tightens: Competitors have recently rolled out major upgrades, pressuring OpenAI’s lead. With compute costs rising and questions building around profitability, the company appears to be consolidating focus and returning to fundamentals rather than pursuing expansionary bets.

Apartment rents drop further, with vacancies at record high (CNBC)

These dividend stocks are cheap and have high payout growth, says Wolfe (CNBC)

Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026 (CNBC)

Mistral closes in on Big AI rivals with new open-weight frontier and small models (TechCrunch)

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