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☆ Tesla fans are lining up outside showrooms to catch a peek of the new Cybertruck
▼ + stars: | 2023-11-27 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

People lined up outside some Tesla showrooms over the weekend to see the Cybertruck. Dozens of Tesla fans lined up outside some of the company's showrooms over the holiday weekend trying to catch a glimpse of the new Cybertruck. "My wife and I just got to the @Tesla Showroom in Tampa and there is a line wrapping around! AdvertisementUpdate: My wife and I just got to the @Tesla Showroom in Tampa and there is a line wrapping around! Advertisement" $TSLA halo effect," Future Fund founder Gary Black wrote on X in response to a video of the lines at a Tesla showroom.

Persons: —, Tesla, Electrek, @NickGibbsIAG, Ps0hefMzuH, Matthew Donegan, Ryan, Donegan, " Donegan, bk31FmiYHJ — Matthew Donegan, @MatthewDR, Christian Artman, Artman, Toby Li, there’s, Javier Verdura, It's, Elon Musk, Gary Black Organizations: Service, Apple, Twitter, Electrek Locations: Tampa, Washington, Miami, Langley , British Columbia

☆ Tesla investors and business leaders slam Elon Musk for endorsing an antisemitic post
▼ + stars: | 2023-11-17 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

Elon Musk is facing backlash from business leaders after he appeared to endorse an antisemitic conspiracy theory. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementElon Musk is facing backlash from the business community after he appeared to endorse an antisemitic post on X. AdvertisementAnother Tesla bull, Gary Black, whose Future Fund invests in Tesla, similarly reported that clients had reached out to him regarding Musk's comments. While the backlash escalates, Musk's chosen X CEO Linda Yaccarino is left to clean up the growing mess.

Persons: Elon Musk, —, Elon, Musk, Musk's, Dustin Moskowitz, Marc Bodnick, Andrew Left, Tesla, Ross Gerber, I've, Gary Black, Kristin Hull, Nia, demote, Bravo —, Linda Yaccarino Organizations: IBM, Service, Buffalo, Elon, SpaceX, BMW, CNBC, EV, Tesla, Nia Impact, Employees, Media, Apple, Oracle Locations: Pittsburgh

☆ Tesla can still grow its volumes by 30-35 percent a year, says Future Fund's Gary Black
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla can still grow its volumes by 30-35 percent a year, says Future Fund's Gary BlackGary Black, Future Fund managing partner, joins 'Squawk on the Street' to discuss his concerns with Elon Musk, why the managing partner seems unconcerned with Musk's comments impacting the brand, and the growth of electric vehicles.

Persons: Fund's Gary Black Gary Black, Elon Musk Organizations: Future Fund

☆ Tesla falls as production cut by battery supplier Panasonic fans EV demand fears
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Tesla investor Gary Black attributed the weakness in Tesla shares to chipmaker Onsemi's (ON.O) bleak forecast. "ON sells to automotive players with over 50% share of global EV sales, including 4 of the top 5 China EV makers," he said in a post on social media platform X on Monday. loadingOnsemi CEO Hassane El-Khoury said the company's top European clients were working to clear their inventory and noted that the company sees "increasing risk to automotive demand due to high interest rates." It contracted to 17.9% between July and September from 25.1% a year earlier due the EV maker's rampant price cuts, which also triggered a price war in key markets such as China. Tesla was trading at about 56 times its 12-month forward earnings estimates, compared with 5.6 times for Ford and General Motors' 4.1, according to LSEG data.

Persons: Phil Noble, Elon Musk's, Edward Moya, General Motors, Stellantis, Gary Black, chipmaker, Hassane El, Khoury, Tesla, Chavi Mehta, Akash Sriram, Shinjini Organizations: REUTERS, Tesla, Panasonic Holdings, Panasonic, Tesla's, Oanda, General, United Auto Workers, Ford Motor, Chrysler, UAW, General Motors, China EV, Ford, EV maker's, Thomson Locations: Manchester, Britain, North America, Stellantis's, China, Bengaluru

☆ Tesla to top $9 bln spending target this year as it rolls out new models
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. The company's spending is, however, expected to return to the $7 billion and $9 billion range in the next two years, a regulatory filing showed. He warned that rising interest rates could impact demand at Tesla, on top of a margin-sapping price war this year to maintain sales. Tesla shareholders -- including Gary Black, managing partner of The Future Fund, which owns Tesla stock -- have been calling for the automaker to advertise, saying that price cuts have only had a limited impact on demand. Reporting by Aditya Soni and Juby Babu; Editing by Maju Samuel and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: Tyrone Siu, Tesla, Elon Musk, Musk, Gary Black, Aditya Soni, Juby Babu, Maju Samuel, Savio D'Souza Organizations: Tesla, REUTERS, Fund, Thomson Locations: Taipei, Taiwan, Mexico

☆ Tesla bull Gary Black and bear Dan Nathan debate what's next after Q3 earnings
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla bull Gary Black and bear Dan Nathan debate what's next after Q3 earningsGary Black, The Future Fund portfolio manager and managing partner, joins 'Fast Money' for a bull versus bear showdown with "fast Money' trader Dan Nathan on Tesla after a miss on Q3 earnings results.

Persons: Gary Black, Dan Nathan, what's, Tesla Organizations: Fund

"I don't think the price cuts are over, mainly for the reason that demand is still weak," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments. Tesla has already cut U.S. prices of its Model 3 compact sedan and Model Y SUV in October. The slump will continue into the fourth quarter and margins could dip below 15%, said Wells Fargo analyst Colin Langan. However, that likely falls short of offsetting the price cuts," Langan said. Tesla slashed the technology's price by a fifth in August and analysts said that more cuts could be on the cards.

Persons: Florence, China's, Thomas Martin, Elon Musk, Tesla, Wells, Colin Langan, Langan, Musk, Gary Black, Akash Sriram, Aditya Soni, Sayantani Ghosh, Arun Koyyur Organizations: Fair for Trade, Services, REUTERS, HK, Globalt Investments, Reuters, Visible Alpha, Fund, Reuters Graphics Reuters, Thomson Locations: Beijing, China, Europe, MEXICO, Nuevo Leon, Mexican, Bengaluru

☆ As Tesla price cuts concede billions in sales, investors push Elon Musk to finally spend on ads
▼ + stars: | 2023-10-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

In this article TSLA Follow your favorite stocks CREATE FREE ACCOUNTA Tesla Model 3 with opened doors stands in the showroom. But there's one thing Black has had on his mind lately: That Tesla is wasting money on price cuts to keep growth rates high. At the same time, the major price cuts continue as Musk's primary strategy to drum up more interest in Teslas. Overall, the price cuts over the past year have shaved revenue by much more, Ives estimated. In effect, Black argues that Tesla price cuts are a de facto marketing expense, saying Tesla's share losses among EVs by Tesla this year suggest price cuts alone aren't working.

Persons: Gary Black, Tesla, Elon, Musk, didn't, Kevin Paffrath, we'll, they'd, Dan Ives, Black, EVs, Ives, Allen Weiss Organizations: Tesla, Getty, CNBC, @TroyTeslike, Netflix, Cox Automotive, Teslas, Tesla's, Newsday Locations: Chicago, California, U.S, Tesla's U.S, Smithtown , New York

☆ 'Nothing about Tesla is normal', says Future Fund's Gary Black on market reaction to CFO departure
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Nothing about Tesla is normal', says Future Fund's Gary Black on market reaction to CFO departureHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Fund's Gary Black, Brian Sullivan, “ Organizations: CNBC

☆ Younger pick up truck owners will 'love' Tesla's Cybertruck, says Future Fund's Gary Black
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYounger pick up truck owners will 'love' Tesla's Cybertruck, says Future Fund's Gary BlackGary Black, Future Fund managing partner, joins 'Last Call' to talk the Tesla Cybertruck.

Persons: Fund's Gary Black Gary Black, Tesla Organizations: Future Fund

☆ 24 'strong-buy' stocks with the highest potential upsides based on consensus price targets from Wall Street's top-performing analysts, according to a fintech company
▼ + stars: | 2023-07-02 | by ( Laila Maidan | ) www.businessinsider.com time to read: +1 min

TipRanks compiles stocks that Wall Street's top analysts agree are strong buys. These 24 stocks have the highest upsides, based on averages of the top analysts' price targets. This year's stock market outlook remains uncertain even after a return to a bull market in the second quarter. The bond market is signaling a recession because of an inverted yield curve, while a strong jobs market and rallying stock market are pointing to strength. TipRanks, a fintech company that compiles and analyzes stock-market data, curates a list of the stocks most loved by top analysts.

Persons: Michael Cuggino, Gary Black Organizations: Biosciences, Wall

☆ Wall Street has a terrible track record at timing Tesla, says Future Fund's Gary Black
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWall Street has a terrible track record at timing Tesla, says Future Fund's Gary BlackGary Black, Future Fund managing partner, joins 'Last Call' to discuss Tesla's recent downgrade, the stocks reaction, and more.

Persons: Fund's Gary Black Gary Black Organizations: Future Fund

☆ All this AI hype could be distracting us from serious economic threats in the US
▼ + stars: | 2023-06-26 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Moving forward, we'll be highlighting the latest markets news in our daily flagship newsletter, Insider Today — be sure to sign up. The excitement around ChatGPT, AI, and related tech stocks is old news now, but Wall Street can't stop talking about it. Elon Musk, Nouriel Roubini, and a chorus of Wall Street firms have issued dire warnings. The country's slowing trade, weak industrial production numbers, and piling debt all ultimately present problems for Wall Street, which may be catching on to the risk. What do you see as the connection between economic troubles and AI hype?

Persons: Phil Rosen, —, It's, Pepper, Paco Freire, that's, Zahra Tayeb, Elon Musk, Roubini, Kelvin Wong, Angela Weiss, Wagner, Vladimir Putin, Gary Black's, Goldman Sachs, Morgan Stanley's Adam Jonas, Jason Ma, Jack Sommers Organizations: Getty, Nvidia, Federal, Street, Wall, Nasdaq, Carnival plc, Harvard, Elon Locations: New York, China, America, Los Angeles, London

☆ A 20-year fund manager shares 8 mega-trend stocks he's betting will take market share — and the 5 he's shorting
▼ + stars: | 2023-06-23 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

Gary Black says the stock market will continue to trend higher with volatility this year. What the remainder of 2023 has in store for the stock market is anyone's guess at this point. But Gary Black, a 20-year fund manager, and the portfolio manager and managing partner at The Future Fund, has a more positive outlook. The next mega trend is big data and cyber security. mega trend losersOn the side of stocks being shorted, these are the companies that Black expects will lose market share due to these mega trends.

Persons: Gary Black, Phillip Wool, it's, Black, He's, cybertruck, Tesla, Elon Musk, Eli Lilly, Lilly, LULU, Armour Organizations: Federal, Federal Reserve, EV, Tesla, Company, Palo Alto Networks, Nvidia, Toyota, CNBC, Bloomberg, UA, MAX Holdings Locations: China's, overproducing

☆ Tesla rally has 'more room to run', says Future Fund's Gary Black
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla rally has 'more room to run', says Future Fund's Gary BlackGary Black, Future Fund portfolio manager, joins 'Last Call' to make the bull case for Tesla during the EV maker's super charged rally.

Persons: Fund's Gary Black Gary Black, Tesla Organizations: Fund, EV

☆ Watch CNBC's full interview with Ross Gerber and Gary Black
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ross Gerber and Gary BlackRoss Gerber, Gerber Kawasaki CEO and president, and Gary Black, Future Fund portfolio manager, join 'Last Call' and CNBC's Phil LeBeau to recap CNBC's exclusive interview with Elon Musk and Tesla's annual meeting.

☆ Self-driving software's biggest problem is other human drivers, says Gerber Kawasaki's Ross Gerber
▼ + stars: | 2023-05-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSelf-driving software's biggest problem is other human drivers, says Gerber Kawasaki's Ross GerberRoss Gerber, Gerber Kawasaki CEO and president, and Gary Black, Future Fund portfolio manager, join 'Last Call' and CNBC's Phil LeBeau to recap CNBC's exclusive interview with Elon Musk and Tesla's annual meeting.

☆ Tesla needs a clearer outlook on margins, says Futures Fund's Gary Black
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla needs a clearer outlook on margins, says Futures Fund's Gary BlackGary Black of Futures Fund and Gordon Johnson of GlJ react to Tesla's earnings. Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

☆ We are still pretty bullish on Tesla stock, says Future Fund's Gary Black
▼ + stars: | 2023-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are still pretty bullish on Tesla stock, says Future Fund's Gary BlackGary Black, Future Fund managing partner, joins 'Squawk on the Street' to discuss his thoughts on Tesla and why he bought more of the stock.

☆ Tesla is still very cheap, says Future Fund's Gary Black
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is still very cheap, says Future Fund's Gary BlackGary Black, Future Fund managing partner joins 'Squawk on the Street' to discuss Tesla and how to play the stock.

☆ Investors don't listen to Elon Musk on the economy, Tesla bull Gary Black says as he rebukes recession claims
▼ + stars: | 2023-01-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Any economic downturn will be shallow because the Federal Reserve can cut interest rates whenever it wants, Black said Thursday. "I don't think investors listen to Elon's economic forecasts," the Future Fund managing partner told Yahoo Finance Thursday. Musk alluded to the idea of a severe recession on Tesla's fourth-quarter earnings call, which took place after Wednesday's bell. He said a downturn could actually help the Tesla's stock price because it would be disinflationary – helping to reduce the company's input costs. Tesla stock rallied just under 11% Thursday after the company beat Wall Street's fourth-quarter earnings targets.

☆ US stocks trade mixed as the Fed's preferred inflation gauge shows further cooling
▼ + stars: | 2023-01-27 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

US stocks opened mixed on Friday as the Fed's preferred inflation gauge showed more cooling. Core PCE increased in December by 4.4% from a year ago, down from November's annual pace of 4.7% and in line with forecasts. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyUS stocks opened mixed on Friday, as the Federal Reserve's preferred inflation gauge showed more cooling. The core PCE, which excludes volatile food and energy prices, increased by 4.4%, down from November's annual pace of 4.7% and in line with forecasts.

☆ Watch CNBC's full interview with Future Fund's Gary Black
▼ + stars: | 2023-01-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Future Fund's Gary BlackGary Black, Future Fund managing partner, joins 'Squawk on the Street' to break down Tesla's results and his thoughts on the company.

☆ Tesla shares fall on US and European price cuts
▼ + stars: | 2023-01-13 | by ( ) edition.cnn.com time to read: +5 min

More stable cost inflation was also a factor in reducing prices, said a spokesperson for Tesla Germany, confirming price cuts in its top European market. The US price cuts, announced late Thursday on its global top-sellers the Model 3 sedan and Model Y crossover SUV, were between 6% and 20%, Reuters calculations showed. For a US buyer of the long-range Model Y, the new Tesla price combined with the US subsidy amounts to a discount of 31%. In China, where Tesla cut prices last week by 6% to 13.5%, owners protested at delivery centres, calling for compensation. Before the cuts, Tesla inventory in the United States, as tracked by models its website shows as immediately available, had been trending higher.

☆ Tesla shares will bounce back despite poor delivery numbers, says shareholder Gary Black
▼ + stars: | 2023-01-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shares will bounce back despite poor delivery numbers, says shareholder Gary BlackGary Black, Future Fund managing partner, joins ‘Squawk on the Street’ to discuss why he thinks Tesla shares could go higher despite all the negative headlines about the company.

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