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Did A Potential Stock Sale By Elon Musk Lead To Fall In Tesla Shares? Top Analyst Says It Could Instead Be Because Of Broader Selloff In AI Stocks
Saturday, September 7, 2024 - 4:31am | 864The recent downturn in Tesla Inc.’s (NASDAQ:TSLA) shares is more likely due to a broader sell-off in AI stocks than a potential share sale by Elon Musk, according to Gary Black. What Happened: On Friday, the managing partner at The Future Fund, refuted the idea that Musk was offloading Tesla...
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Mark Zuckerberg's Leadership Gets Praise By Gary Black After Meta's Strong Q2 Performance, Tesla Bull Hails Facebook Founder's 'Drive, Focus, And Ability To Execute'
Wednesday, July 31, 2024 - 11:35pm | 706Future Fund managing partner Gary Black has commended Meta Platforms Inc (NASDAQ:META) for its strong second-quarter performance and the leadership of CEO Mark Zuckerberg. This praise comes as the company’s stock significantly surged after-hours trading. What Happened: Black, who is also...
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Tesla's Production Aspirations Underscored By Gary Black: 2.77M Vehicles By 2025 — Major Entry Into $30K Segment 'Significantly Underestimated By The Street'
Sunday, July 28, 2024 - 11:36pm | 720Tesla Inc. (NASDAQ:TSLA) is reportedly aiming to produce 2.77 million vehicles by 2025, a 50% increase from its 2023 production. This ambitious target includes the launch of new affordable models, according to Future Fund Managing Partner Gary Black. What Happened: Black, a prominent Tesla analyst...
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Tesla Bull Says EV Giant's FSD Revenue Nearing $1B Annual Run-Rate, Urges Breaking Out AI And Robotics Numbers
Monday, July 8, 2024 - 5:00am | 645Tesla, Inc. (NASDAQ:TSLA) shares have been on an eight-session winning streak as investors begin to factor in potential fundamental improvement, and a fund manager on Sunday detailed his take on what the electric vehicle maker has to do to augment its valuation. What Happened: For institutional...
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Tesla Stake Cut Defended By Gary Black, Says Strategy Shift 'Additive To Our Performance' — Mega Bull Highlights Positives, Negatives Of Elon Musk's Auto Company
Wednesday, July 3, 2024 - 11:36pm | 980Future Fund Managing Partner Gary Black has defended the decision to reduce the fund’s stake in Tesla Inc. (NASDAQ:TSLA), citing a shift in investment strategy and the electric vehicle maker’s performance. What Happened: Black outlined the criteria for Future Fund’s sell...
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Gary Black Echoes Elon Musk After Tesla CEO Warns Short Sellers, Including Bill Gates, That They Will Be Obliterated: Need To Have 'Their Heads Examined'
Tuesday, July 2, 2024 - 10:18pm | 665Future Fund Managing Partner Gary Black has issued a stark warning to those betting against Tesla Inc. (NASDAQ:TSLA) stock. What Happened: Black took to X to express his views on Tesla’s future, emphasizing the potential of the electric vehicle market and Tesla’s position within it. He...
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Rivian's Fledging Rally Faces Test As EV Maker Gears To Host Investor Day: Here's What Fund Manager Expects From The Event
Thursday, June 27, 2024 - 5:49am | 534Rivian Automotive, Inc. (NASDAQ:RIVN) stock is on a two-session run-up, and the continuation of the rally depends on the news emerging out of its investor day scheduled for 9 a.m. EDT on Thursday. What Happened: Ahead of the event, fund manager Gary Black, in a post on X, formerly Twitter, detailed...
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Fund Manager Advises Tesla 'Try A Different Dance Move' After EV Maker's Obsession With Price Cuts Doesn't Yield Results
Thursday, May 23, 2024 - 3:19am | 690Tesla, Inc. (NASDAQ:TSLA) shares continue to see-saw, and on Wednesday they underperformed the broader market. As the lackluster phase is having an extended run, a fund manager delved into how the company can turn things around. What Happened: The biggest threat Tesla currently faces is the...
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Tesla Vs. Uber: If You Invested $1,000 Each In These Companies In 2022, Here's How Much You Would Have Now
Friday, May 10, 2024 - 8:54am | 1227Tesla, Inc. (NASDAQ:TSLA), through its robotaxis, is striving to pivot to autonomous ride-hailing service, positioning itself in direct competition with Uber Technologies, Inc. (NYSE:UBER). As the two are likely facing off in the near future, here’s a look at how their shares have fared since...
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Is Elon Musk Working So Hard To Ensure His Pay Package Is Approved By Shareholders In June? Here's What A Fund Manager Says
Tuesday, April 30, 2024 - 7:03am | 489Tesla, Inc. (NASDAQ:TSLA) shares rallied strongly on Monday after the electric-vehicle giant’s CEO Elon Musk made a surprise visit to China over the weekend and met with Premier Li Qiang and other key officials. The whirlwind visit was followed by a flurry of announcements that catalyzed the...
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'Should Have Sold Our Entire $TSLA Position,' Says Fund Manager, Following EV Giant's Coordinated Global Price Cuts Over Weekend
Sunday, April 21, 2024 - 6:10pm | 679Over the weekend, Tesla, Inc. (NASDAQ:TSLA) announced coordinated price cuts for its electric vehicles across different regions. However, this decision did not sit well with a fund manager whose firm holds a position in the stock. What Happened: Future Fund was right to reduce its Tesla position...
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Tesla Aggressively Cuts Prices Ahead Of Q1 Report: EV Maker Lowers Model 3, Y Prices In China By Up To 6%, Cuts US FSD Price By $4K
Sunday, April 21, 2024 - 8:34am | 772Tesla, Inc. (NASDAQ:TSLA) announced over the weekend a reduction in all trim levels of electric vehicles it sells in China. The move follows a round of price cuts in its U.S. market. The company also reduced the price of its full self-driving software in the U.S. What Happened: The most recent...
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Netflix Stock Tumbles: Analyst Says Streaming Giant 'Doing Everything Right' But Growth Factor Doesn't Meet 'Hurdle For True Tech Company'
Friday, April 19, 2024 - 4:44am | 523Shares of Netflix, Inc. (NASDAQ:NFLX) fell sharply in after-hours trading on Thursday following its first-quarter earnings release. Fund manager Gary Black and tech venture capitalist Gene Munster weighed in with their takes on the report. The company reported first-...
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Tesla Stock Fell Over 9% After Past 4 Earnings Reports: Fund Manager Offers Advice On How Elon Musk Can Break Woeful Streak
Thursday, April 18, 2024 - 2:52am | 762Tesla, Inc.’s (NASDAQ:TSLA) fundamentals have been on the wane for an extended period, with the financial results testifying to the fact. A fund manager on Wednesday noted that the stock has been down in earnings reaction in each of the past four quarters. What Happened: Tesla’s shares...
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'Not Good' For Tesla If It's True, Says Fund Manager, As New Report Says EV Maker Has Put Sub-$30K Vehicle On Hold
Monday, April 15, 2024 - 10:45pm | 677Even as Tesla, Inc. (NASDAQ:TSLA) shares took a beating from confirmation regarding a round of massive layoffs, including those of high-profile executives, a new report said on Monday the electric- vehicle maker has in fact put on hold the development of its low-cost vehicle. What Happened: Tesla...