Tesla analyst’s firm has sold its entire TSLA position: Here’s why

Tesla analyst’s firm has sold its entire TSLA position: Here’s why

Tesla analyst Gary Black of The Future Fund revealed today that his firm has sold its entire $TSLA holding, marking the first time since 2021 that it has not had a position in the company’s stock. Black has been a skeptic of the company and relatively pessimistic regarding some things many investors would consider catalysts, outlining his concerns and reasoning for selling the shares. Much of Black’s reasoning concerns Tesla’s price-to-earnings …

Future Fund's Gary Black Sells All Of His Remaining Tesla Shares While Citing His Conviction That Tesla's Valuation "Has Become Disconnected From Underlying Fundamentals"

Elon Musk has repeatedly taken pains to assert that Tesla is, in fact, an AI company, not grounded by the inherent limitations of a run-of-the-mill auto manufacturer. For seasoned analysts, however, this thesis presents a conundrum. After all, Tesla still derives the vast majority of its profits from selling vehicles, notwithstanding Elon Musk's masterful hype creation around robotaxis and the Optimus bipedal robot. This growing chasm between an…