Gary Black Discusses Investment Performance and Tesla's Role

Gary Black, Managing Partner of The Future Fund LLC, recently provided updates about his investment performance on the social media platform X. He focused on the results of his investments since January 2022, particularly highlighting the struggles of Tesla Inc (TSLA).

What Happened: Black identified Tesla Inc. as the largest negative contributor to his investment portfolio during this timeframe. He noted that Tesla's stock has declined by 34%, while the Nasdaq-100 Index has increased by 23%.

To underline this point, Black shared specific stock price data. On January 1, 2022, Tesla's shares were valued at $342.32, but they now trade at $260.48. In contrast, the Nasdaq-100 index was at 15,592 points and has now risen to approximately 20,232.87.

Adding a touch of humor, Black mentioned, "We're long $TSLA moron," showing that despite the downturn in Tesla's stock, he remains optimistic about the company's future.

This discussion arose when a user on X suggested that those who criticize Tesla reconsider their positions. The comment read, "Now .. every $TSLA short in disguise who tried to punk or doubted @TeslaBoomerMama apologize, pronto Or send her flowers. Whichever you prefer."

Ale𝕏andra Merz, known as TeslaBoomerMama, is a dedicated supporter of Tesla and has garnered a following for her vigorous defense of the company and its CEO, Elon Musk.

Black's The Future Fund Active ETF (FFND) has demonstrated solid year-to-date returns of 16.84%. Its leading holdings include NVIDIA Corp (NVDA), making up 8.46% of the fund with a remarkable gain of 191.49% this year, and Alphabet Inc. Class A (GOOGL), which constitutes 8.00% and has seen a gain of 17.77%.

Other notable holdings include Eli Lilly and Co (LLY) at 50.51%, Salesforce Inc (CRM) at 11.96%, and Netflix Inc (NFLX) with an increase of 61.06%.

Tesla represents 4.10% of the ETF's assets. Additionally, Advanced Micro Devices, Inc. (AMD) has registered returns of 10.72%, while Uber Technologies Inc (UBER) has risen by 34.26%. Palo Alto Networks Inc (PANW) has experienced a year-to-date return of 26.19%, and DoorDash Inc (DASH) has increased by 58.81%.

Importance of the Discussion: Despite Tesla's recent stock struggles, Black continues to support the company. He described Tesla's third-quarter earnings as a “clean beat,” emphasizing strong performance across key metrics that resulted in a 12.10% increase in after-hours trading.

Nevertheless, Black previously expressed some reservations about Tesla's earnings call, especially about the company's autonomous driving capabilities and its goals related to vehicle profitability.

Despite these issues, Tesla's third-quarter earnings surpassed estimates, showing improvements in their profit margins, which analysts greeted positively.

Stock Performance: Tesla stock closed at $260.48 on Thursday, showing a notable gain of 21.92% for the day, although it slightly declined by 1.17% in after-hours trading. Year-to-date, Tesla’s shares have increased by 4.85%, based on data from market analysts.

Gary, Tesla, Investments