Tesla Remains Core For Gary Black Despite Price Cuts, Earnings Drop — Nvidia, Google, Eli Lilly Among Top Performers In Tech Bull's Portfolio

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The decision came as Tesla’s fiscal year 2025 earnings estimates declined by 59%, leading to underperformance against the Nasdaq 100 index.“We don’t sugarcoat the negatives, and remain highly disciplined about valuation,” Black wrote on X, explaining his measured approach to Tesla investment.

Tesla Inc.(NASDAQ:TSLA) remains a significant holding for The Future Fund despite position reductions, according to Managing Partner Gary Black, who cited concerns over the impact of price cuts of its electric vehicles on earnings.

What Happened: Black revealed that while Tesla has been among the fund’s top positions for The Future Fund Active ETF (NYSE:FFND) since its August 2021 launch, the fund trimmed its Tesla holdings from 12.2% in October 2022 to 4.6% as of Nov 8.

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Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United StatesMexico

Topics: The Future Fund Electric vehicles Markets Tech Gary Black CRM News Kaustubh Bagalkote NFLX TSLA US88160R1014 Benzinga US38259P7069 LLY US67066G1040 Mobility US79466L3024 EVs GOOG Equities NVDA FFND US64110L1061 Analyst Color Robotaxi GOOGL Analyst Ratings US38259P5089 US5324571083

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 02:05:46 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23506466

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