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

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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.