Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. (NASDAQ:TSLA) and its bullish supporters, noting that the stock has failed to demonstrate growth over the last 5 years amid the autonomous driving race.
In a post on the social media platform X on Thursday, the investor slammed the stock and Tesla’s bullish supporters. “$TSLA stock has done nothing for 5 years (TSLA +81% vs NDX +94%) despite huge advances in TSLA’s unsupervised autonomy technology,” the investor shared.
He also criticized Tesla bulls who were urging investors to focus on the company’s “long-term vision,” while adding that the automaker had “fallen way behind” Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo in terms of “autonomous rides completed per week without safety drivers.”
“TSLA forward 2026-2028 earnings ests have come down sharply,” Black said, adding that the new affordable Cybertruck AWD trim was cannibalizing into the mid-level trim’s sales.
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“The bulls’ advice to ignore the numbers is hilarious,” the investor said, because stock prices are driven by “earnings & cash flows.” He then said that asking people to ignore the numbers would be like “telling @elonmusk to ignore the laws of physics.”
$TSLA stock has done nothing for 5 years (TSLA +81% vs NDX +94%) despite huge advances in TSLA’s unsupervised autonomy technology. TSLA bulls keep urging investors to focus on TSLA’s long-term “vision” and ignore the numbers.
Unfortunately, TSLA has fallen way behind $GOOGL in… pic.twitter.com/TcZwIW4SBM
The news comes as Elon Musk, in a recent interview, urged Tesla investors to hold on to the automaker’s stock, predicting that it would be “worth a lot more” in the future as he outlined factories on the lunar surface in the next 20 years and a bright future ahead for the company.
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Musk had earlier touted factories on the moon, which would facilitate launching AI satellites in deep space without rockets, as well as positioning the Optimus humanoid robot as a means to colonize other planets.
