Gary Black Says Tesla Bulls On Social Media Are Like College Students Doing 'Tequila Shots'

Gary Black, from The Future Fund, has warned investors about Tesla bulls on social media, likening them to college students "whooing it up as they down tequila shots." Black believes Tesla may receive a buyout offer from SpaceX, which could boost the company's valuation. However, he criticizes the social media enthusiasm surrounding Tesla, stating that the bulls are not contributing positively.

He argues that there is no evidence to support the Cybercab's ability to drive without safety monitors, and until Elon Musk puts autonomous Teslas on the road without supervision, Tesla stock will remain stagnant. Black also points out that Tesla stock is up 51% over the past five years, while the Nasdaq 100 is up 98%, more than double that performance.