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1 month ago
The Future Fund LLC, Managing Partner Gary Black pushed back against accusations of short-term trading, clarifying his firm's Tesla Inc (NASDAQ:TSLA) investment approach focuses on strategic position adjustment rather than active trading.
What Happened: Black revealed that The Future Fund’s average Tesla stock purchase price since early 2023 has been $162, while their average selling price has been $252. This disclosure came amid debate over the fund’s trading practices on social media platform X.
“We don’t trade Tesla,” Black stated. “We trim when Tesla’s price goes higher, which causes upside/downside to decline. We tend to buy more when Tesla’s price falls.”
The investment veteran expressed concern about growing polarization within the Tesla investor community, noting that moderate voices are being pushed out by extreme positions. Black highlighted recent instances where well-known Tesla bulls faced criticism for discussing potential short-term risks, even while maintaining overall positive outlooks.
“The community has lost some great Tesla longs as spokespeople and is in danger of losing still more because the cult ...
