Gary Black Says TSLA Stock Has 'Done Nothing' In 5 Years Despite 'Huge Advances' In Self-Driving: 'Fallen Way Behind...'
Investor Gary Black of The Future Fund LLC has criticized Tesla Inc.(NASDAQ:TSLA) and its bullish supporters, noting that the stock has failed to demonstrate growth over the last 5 years amid the autonomous driving race.
Tesla Stock Has Done Nothing
In a post on the social media platform X on Thursday, the investor slammed the stock and Tesla's bullish supporters. "$TSLA stock has done nothing for 5 years (TSLA +81% vs NDX +94%) despite huge advances in TSLA's unsupervised autonomy technology," the investor shared.
He also criticized Tesla bulls who were urging investors to focus on the company's "long-term vision," while adding that the automaker had "fallen way behind" Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo in terms of "autonomous rides completed per week without safety drivers."
"TSLA forward 2026-2028 earnings ests have come down sharply," Black said, adding that the new affordable Cybertruck AWD trim was cannibalizing into the mid-level trim's sales.
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"The bulls' advice to ignore the numbers is hilarious," the investor said, because stock prices are driven by "earnings & cash flows." He then said that asking people to ignore the numbers would be like "telling @elonmusk to ignore the laws of physics."
$TSLA stock has done nothing for 5 years (TSLA +81% vs NDX +94%) despite huge advances in TSLA's unsupervised autonomy technology. TSLA bulls keep urging investors to focus on TSLA's long-term "vision" and ignore the numbers.
Unfortunately, TSLA has fallen way behind $GOOGL in… pic.twitter.com/TcZwIW4SBM
Elon Musk's Bold Prediction
The news comes as Elon Musk, in a recent interview, urged Tesla investors to hold on to the automaker's stock, predicting that it would be "worth a lot more" in the future as he outlined factories on the lunar surface in the next 20 years and a bright future ahead for the company.
Trending: It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
Musk had earlier touted factories on the moon, which would facilitate launching AI satellites in deep space without rockets, as well as positioning the Optimus humanoid robot as a means to colonize other planets.
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