Tesla investor Gary Black has expressed his frustration with the backlash he receives from fellow Tesla bulls for openly discussing his views on the electric vehicle giant. In a post on X, Black urged Tesla bulls to refrain from criticizing other bulls and instead questioned why they would do so. He emphasized that in the institutional world, challenging convictions is a common practice to identify potential risks a stock might face.
Black defended the importance of active debate on the risks associated with Tesla’s strategy, clarifying that those who disagree with the company’s management are not necessarily attacking its CEO, Elon Musk. He highlighted that healthy debates are a fundamental aspect of real-world investing and should not be discouraged.
Despite his overall optimism about Tesla’s dominance in the electric vehicle sector, Black has expressed concerns about the company’s aggressive margin-eroding price cuts. He has consistently advocated for advertising the benefits of electric vehicle adoption rather than relying solely on price reductions. Black also sees significant advantages in the swift launch of Tesla’s $25,000 electric vehicle model.
Recently, Black attributed Tesla’s stock underperformance in part to Musk’s Twitter buy, as Musk had to sell some shares to finance the acquisition. Tesla holds the second-largest position in Future Fund’s The Future Fund Active ETF, with a 7.28% weighting.
In conclusion, Gary Black encourages active debate among Tesla investors regarding the risks associated with the company’s strategy. He emphasizes the importance of healthy discussions and urges fellow bulls not to dismiss those who express differing opinions.
