Gary Black

Rivian Automotive (NASDAQ:RIVN) reported a quarterly gross profit of $170 million for the first time in the fourth quarter owing to the sale of regulatory credits and not merely by cutting costs, according to Fund Manager Gary Black. Analyst Take: Black, Managing Partner at The Future Fund LLC,...

Rivian Automotive Inc. (NASDAQ:RIVN) shares rose over 5% in after-hours trading Wednesday before pulling back, despite delivering conservative 2025 guidance, as strong regulatory credit sales helped the electric vehicle maker beat fourth-quarter expectations. What Happened: The Future Fund Managing...

Tesla Inc.’s (NASDAQ:TSLA) possible expansion into the Indian market will likely not help the company’s global delivery numbers, according to researcher Troy Teslike. What Happened: Teslike said in a post on social media platform X on Wednesday that 2025 will be another “down year...

Fund manager Gary Black on Monday advised Tesla Inc. (NASDAQ:TSLA) investors to “limit the emotion” tied to the product and look at the stock analytically. What Happened: “I love Starbucks but I wouldn’t own Starbucks stock,” Black said while urging Tesla investors who...

Analysts at Oppenheimer said in a research note on Tuesday that billionaire Elon Musk‘s recent bid for ChatGPT parent OpenAI is a distraction from his EV company Tesla‘s (NASDAQ:TSLA) challenges. What Happened: Musk’s bid for OpenAI is a discount to the AI company’s Oct....

The Future Fund LLC Managing Partner Gary Black highlighted Lyft Inc.‘s (NASDAQ:LYFT) record year performance on Tuesday, sharing CEO David Risher‘s announcement about serving 44 million riders across the U.S. and Canada in 2024. What Happened: The comments came as Lyft reported strong...

Former Tesla Inc. (NASDAQ:TSLA) executive Jorge Milburn said on Monday that no autonomous ride providers will be able to compete with the EV giant on cost once it starts deploying autonomous vehicles for ride-hail. What Happened: “If Tesla follows a saturation strategy in each market they...

Prominent Tesla Inc. (NASDAQ:TSLA) investors are weighing in on the increasingly competitive autonomous driving landscape as Chinese rivals BYD Co. Ltd. (OTC:BYDDY) and Huawei advance their driver assistance systems, challenging Tesla’s vision-only approach. What Happened: Ross Gerber, CEO of...

The Future Fund LLC Managing Partner Gary Black questioned the claims that Tesla Inc.‘s (NASDAQ:TSLA) autonomous driving network could disrupt Uber Technologies Inc. (NYSE:UBER), pointing to the ride-hailing giant’s massive user base as a key competitive advantage. What Happened: In a...

Tesla Inc.‘s (NASDAQ:TSLA) global export strategy faces mounting pressure from rising trade tensions and persistently high interest rates, according to prominent Tesla investor Gary Black. What Happened: Black, Managing Partner at The Future Fund LLC, warned on Sunday that elevated long-term...

The week has been a rollercoaster ride for the electric vehicle (EV) industry, with significant developments from Tesla Inc. (NASDAQ:TSLA), Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), and Rivian Automotive (NASDAQ:RIVN). From potential tax cuts to autonomous driving advancements and controversial...

The Future Fund Managing Partner Gary Black sees Uber Technologies (NYSE:UBER) continuing to be the largest ride-hailing player globally in the future if it offers autonomous rides as well. What Happened: Black said in a post on social media platform X that he expects Uber will offer autonomous...

Tesla Inc. (NASDAQ:TSLA) bull Gary Black highlighted the company’s planned autonomous ride-hailing service in Austin as a significant development while expressing concerns about automotive margins and the forthcoming affordable electric vehicle’s design. What Happened: Black, managing...

Tesla Inc.‘s (NASDAQ:TSLA) planned $30,000 electric vehicle could disappoint investors if it fails to introduce a new compact form factor, according to prominent Tesla bull Gary Black, managing partner of The Future Fund LLC. What Happened: Black warned on social media platform X that simply...

The Future Fund Managing Partner Gary Black said on Monday that a potential reduction in the corporate tax rate would help boost EV maker Tesla Inc.’s (NASDAQ:TSLA) earnings per share by $0.12 for FY25. What Happened: Tesla’s statutory tax rate is currently 21%, Black noted. This is the...