Gary Black Says Exiting Tesla Position Last Year Was The 'Right Call' Amid Q1 Delivery Miss: Took A Lot Of 'Grief' From The Bulls
Investor Gary Black of The Future Fund LLC stated that exiting his Tesla position last year was the right decision, especially after the company's Q1 delivery figures missed estimates. He faced criticism from Tesla supporters when he sold his shares at $358, but believes it was justified as Tesla struggles in a competitive market. Black criticized Tesla's performance and CEO Elon Musk's claims about autonomous driving, noting that Tesla's stock has underperformed compared to the Nasdaq over the past five years. TSLA shares fell 5.42% to $360.59 at market close.
Investor Gary Black of The Future Fund LLC has reaffirmed that his decision to exit his position in Tesla Inc. (NASDAQ:TSLA) as the EV giant reported a Q1 delivery miss.
Exiting Tesla Was The Right Call
In a post on the social media platform X on Thursday, the investor shared that his firm had exited Tesla last year. “We took a lot of grief from $TSLA bulls on X when we exited the balance of our TSLA position last May at $358,” he said, adding that the move has been the “right call,” as Tesla has “struggled to turn around its core EV business” and shift towards a “highly competitive” autonomous driving sector “without advertising investment.”
We took a lot of grief from $TSLA bulls on X when we exited the balance of our TSLA position last May at $358. Since then it has been the right call (TSLA -1% vs NDX +12%) as TSLA has struggled to turn around its core EV business and pivot to a highly competitive unsupervised… pic.twitter.com/QBS4VlaUSO
— Gary Black (@garyblack00) April 2, 2026
Gary Black Slams Tesla’s Unsupervised Hype
The investor had earlier slammed Tesla’s performance, or lack thereof, when compared with Nasdaq, sharing that the stock had underperformed the NDX for 5 years because “it has never lived up to the hype that its vehicles will drive themselves unsupervised.”
He also decried CEO Elon Musk‘s claims about Tesla Robotaxi serving over half the U.S. population by the end of last year, or the Austin robotaxi going driverless by the end of last year. He also slammed the Robotaxi service, saying that Tesla’s fleet in Austin remains at just 9 vehicles.
According to Benzinga Edge Rankings, Tesla offers Satisfactory Momentum and Growth, as well as a favorable price trend in the Long term.
Price Action: TSLA fell 5.42% to $360.59 at market close on Thursday, but gained 0.19% to $361.26 during the after-hours trading session.
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Photo Courtesy: Ken Wolter on Shutterstock.com
