Tesla Investor Gary Black Says Price Cuts Alone Won't Do It For Tesla, Emphasizes The Need For New Models To Drive 2025 Growth

The Future Fund LLC Managing Partner Gary Black argues that Tesla Inc. (NASDAQ:TSLA) needs new vehicle form factors, rather than stripped-down versions of existing models, to achieve its targeted 20-30% volume growth in fiscal year 2025.

What Happened: Black’s analysis comes amid ongoing discussions about Tesla’s strategy for maintaining growth in an increasingly competitive electric vehicle market.

Black emphasized on X, formerly Twitter, that Tesla’s 2022-2023 price reduction strategy demonstrated that simply offering cheaper versions of the Model 3 and Model Y won’t generate sufficient growth.

Instead, he suggests Tesla needs to expand into new market segments, specifically pointing to potential offerings like a four-seat Cybercab or a Model 3 hatchback that could tap into the compact segment, which represents 12-15% of global market share.

The investor’s comments follow Tesla’s recent

Full story available on Benzinga.com