Gary Black Slams Tesla Bulls For 'Fool's Narrative' On Autonomy And Robots Amid EV Volume Slump, Soaring Valuation

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Gary Black Slams Tesla Bulls For 'Fool's Narrative' On Autonomy And Robots Amid EV Volume Slump, Soaring Valuation

Benzinga2025-11-12

Gary Black, the Managing Director of Future Fund LLC, has a different take on the future of Tesla Inc. (NASDAQ:TSLA) amid the company’s recent inclination towards autonomy and robots. Black took to X ...

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Guavaxf3006
·2025-11-13
It's not just Tesla. It's the entire market. The overvaluation stampede just keeps accelerating. Will it ever end? When will it end?
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- 静静吧:
  今天的下跌原因是美国十月份cpi数据的空白，白宫顾问出来给出的说法市场也不接受
  2025-11-14
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- Guavaxf3006:
  Looks like the beginning of the end has just started.
  2025-11-14
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Black猛烈抨击特斯拉多头在电动汽车销量下滑、估值飙升的情况下对自动驾驶和机器人的“傻瓜式叙述”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1.5,"TSLA":1.5,"TSYW.SI":0.6},"content_text":"Gary Black, the Managing Director of Future Fund LLC, has a different take on the future of Tesla Inc. (NASDAQ:TSLA) amid the company’s recent inclination towards autonomy and robots.\nBlack took to X on Tuesday and highlighted the decline in Tesla’s global volumes and the company’s shift towards “unsupervised” autonomy and humanoid robots. Black dismissed this as a “fool’s narrative,” emphasizing that over 70% of Tesla’s profits come from electric vehicles (EVs).\nBlack also criticized Tesla bulls for ignoring the rise of autonomous ride-sharing in China, where Tesla lags behind local manufacturers. He questioned the justification for Tesla’s high valuation, given the competitive nature of the autonomous vehicle market.\nHe concluded by stating, “It’s difficult to justify TSLA’s forward P/E of 200x+ in what is clearly a commodity business (unsupervised autonomy) where TSLA is one of many fighting for market share.”\nSee Also: Shiba Inu’s Squeeze Leaves Two Outcomes: A 39% Breakdown Or A Full Trend Reversal\nNeedham analyst Chris Pierce, echoed Black’s concern and warned that half of Tesla's projected 2030–2035 gross profit depends on unproven businesses like ridesharing and robotics, leaving \"limited valuation support\" at current levels.\nAt the same time, Ross Gerber, co-founder of Gerber Kawasaki, cautioned in an interview that shifting Tesla's focus away from its core electric vehicle business — which he believes remains \"wildly profitable\" — would be a \"strategic error\" for Musk's company.\nBlack’s comments come at a time when Tesla’s stock is underperforming. The company’s shares have been on a downward trend following reports of steep sales declines in China. Tesla's China sales plunged to 26,006 units in October — a 35.8% drop from a year earlier and its weakest monthly performance in three years, according to data from the China Passenger Car Association. The company's market share also tumbled to 3.2%, down from 8.7% in September, marking its lowest level since 2020.\nMeanwhile, Tesla registrations in nine key European countries reportedly declined 36.3% year-over-year in October. \nBlack’s comments also follow the departure of Tesla’s Cybertruck and Model 3 program manager, which has raised further concerns about the company’s future prospects.\nBenzinga's Edge Rankings place Tesla in the 77th percentile for quality and the 3rd percentile for value, reflecting its mixed performance. Check the detailed report here. \nPrice Action: On a year-to-date, Tesla Stock climbed 15.91%, as per Benzinga Pro. On Tuesday, the stock fell 1.26% to close at $439.62. \nREAD NEXT: \nImage via Shutterstock\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":499559505203752,"gmtCreate":1762987750872,"gmtModify":1762998420120,"author":{"id":"3576140222331577","authorId":"3576140222331577","name":"Guavaxf3006","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3576140222331577","idStr":"3576140222331577"},"htmlText":"It's not just Tesla. It's the entire market.&nbsp; The overvaluation stampede just keeps accelerating. Will it ever end? When will it end?&nbsp;","listText":"It's not just Tesla. It's the entire market.&nbsp; The overvaluation stampede just keeps accelerating. Will it ever end? When will it end?&nbsp;","text":"It's not just Tesla. It's the entire market. The overvaluation stampede just keeps accelerating. Will it ever end? When will it end?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/499559505203752","repostId":2582327392,"repostType":2,"repost":{"id":"2582327392","kind":"news","pubTimestamp":1762942980,"share":"https://ttm.financial/m/news/2582327392?lang=en_US&edition=fundamental","pubTime":"2025-11-12 18:23","market":"nz","language":"en","title":"Gary Black Slams Tesla Bulls For 'Fool's Narrative' On Autonomy And Robots Amid EV Volume Slump, Soaring Valuation","url":"https://stock-news.laohu8.com/highlight/detail?id=2582327392","media":"Benzinga","summary":"Gary Black has a different take on the future of Tesla Inc. amid the company's pivot to autonomy and robots.","content":"<div>\n<p>Gary Black, the Managing Director of Future Fund LLC, has a different take on the future of Tesla Inc. (NASDAQ:TSLA) amid the company’s recent inclination towards autonomy and robots.\nBlack took to X ...</p>\n\n<a 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGary Black Slams Tesla Bulls For 'Fool's Narrative' On Autonomy And Robots Amid EV Volume Slump, Soaring Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-12 18:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/equities/25/11/48796899/gary-black-slams-tesla-bulls-for-fools-narrative-on-autonomy-and-robots-amid-ev-volume-slump-soaring-valuation><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gary Black, the Managing Director of Future Fund LLC, has a different take on the future of Tesla Inc. (NASDAQ:TSLA) amid the company’s recent inclination towards autonomy and robots.\nBlack took to X ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/11/48796899/gary-black-slams-tesla-bulls-for-fools-narrative-on-autonomy-and-robots-amid-ev-volume-slump-soaring-valuation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://cdn.benzinga.com/files/images/story/2025/11/12/New-York--United-States-Of-America---202.jpeg?optimize=medium&dpr=2&auto=webp&width=260","relate_stocks":{"LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4550":"红杉资本持仓","BK4604":"机器人概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","TSYW.SI":"TESLA 3xLongSG261006","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" 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INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","BK4598":"佩洛西持仓","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC"},"source_url":"https://www.benzinga.com/markets/equities/25/11/48796899/gary-black-slams-tesla-bulls-for-fools-narrative-on-autonomy-and-robots-amid-ev-volume-slump-soaring-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2582327392","content_text":"Gary Black, the Managing Director of Future Fund LLC, has a different take on the future of Tesla Inc. (NASDAQ:TSLA) amid the company’s recent inclination towards autonomy and robots.\nBlack took to X on Tuesday and highlighted the decline in Tesla’s global volumes and the company’s shift towards “unsupervised” autonomy and humanoid robots. Black dismissed this as a “fool’s narrative,” emphasizing that over 70% of Tesla’s profits come from electric vehicles (EVs).\nBlack also criticized Tesla bulls for ignoring the rise of autonomous ride-sharing in China, where Tesla lags behind local manufacturers. He questioned the justification for Tesla’s high valuation, given the competitive nature of the autonomous vehicle market.\nHe concluded by stating, “It’s difficult to justify TSLA’s forward P/E of 200x+ in what is clearly a commodity business (unsupervised autonomy) where TSLA is one of many fighting for market share.”\nSee Also: Shiba Inu’s Squeeze Leaves Two Outcomes: A 39% Breakdown Or A Full Trend Reversal\nNeedham analyst Chris Pierce, echoed Black’s concern and warned that half of Tesla's projected 2030–2035 gross profit depends on unproven businesses like ridesharing and robotics, leaving \"limited valuation support\" at current levels.\nAt the same time, Ross Gerber, co-founder of Gerber Kawasaki, cautioned in an interview that shifting Tesla's focus away from its core electric vehicle business — which he believes remains \"wildly profitable\" — would be a \"strategic error\" for Musk's company.\nBlack’s comments come at a time when Tesla’s stock is underperforming. The company’s shares have been on a downward trend following reports of steep sales declines in China. Tesla's China sales plunged to 26,006 units in October — a 35.8% drop from a year earlier and its weakest monthly performance in three years, according to data from the China Passenger Car Association. The company's market share also tumbled to 3.2%, down from 8.7% in September, marking its lowest level since 2020.\nMeanwhile, Tesla registrations in nine key European countries reportedly declined 36.3% year-over-year in October. \nBlack’s comments also follow the departure of Tesla’s Cybertruck and Model 3 program manager, which has raised further concerns about the company’s future prospects.\nBenzinga's Edge Rankings place Tesla in the 77th percentile for quality and the 3rd percentile for value, reflecting its mixed performance. Check the detailed report here. \nPrice Action: On a year-to-date, Tesla Stock climbed 15.91%, as per Benzinga Pro. On Tuesday, the stock fell 1.26% to close at $439.62. \nREAD NEXT: \nImage via Shutterstock\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","news_type":1,"symbols_score_info":{"TSLL":1.5,"TSLA":1.5,"TSYW.SI":0.6}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":499856756425240,"gmtCreate":1763060415962,"gmtModify":1763060420824,"authorId":4224636408754472,"author":{"id":4224636408754472,"idStr":"4224636408754472","authorId":4224636408754472,"name":"静静吧","avatar":"https://community-static.tradeup.com/news/0141c898d54e6c6e7a8582c31c693ab4","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":499559505203752,"type":1,"supId":0,"prevId":0,"content":"今天的下跌原因是美国十月份cpi数据的空白，白宫顾问出来给出的说法市场也不接受","text":"今天的下跌原因是美国十月份cpi数据的空白，白宫顾问出来给出的说法市场也不接受","html":"今天的下跌原因是美国十月份cpi数据的空白，白宫顾问出来给出的说法市场也不接受"},{"id":499816106824376,"gmtCreate":1763050475520,"gmtModify":1763050480491,"authorId":3576140222331577,"author":{"id":3576140222331577,"idStr":"3576140222331577","authorId":3576140222331577,"name":"Guavaxf3006","avatar":"https://static.tigerbbs.com/1ff15ff6aa254c9130f9af922f7e2447","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Published at least 3 PICK posts (or 10 IDEA posts) and, within the past 30 days, posted at least 1 PICK post (or 4 IDEA posts) and 1 comment","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.03.07","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":1,"categoryType":2007}]},"repliedAuthorId":0,"objectId":499559505203752,"type":1,"supId":0,"prevId":0,"content":"Looks like the beginning of the end has just started.","text":"Looks like the beginning of the end has just started.","html":"Looks like the beginning of the end has just started."}],"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}