<div id="readability-page-1"><div><div><p><strong>The Future Fund LLC</strong>'s managing director, <strong>Gary Black</strong>, expects <strong>Tesla Inc.</strong> <span>TSLA</span> stock to continue rising through the third quarter before it begins declining again in Q4.</p><h2>Tesla Stock Likely Going Higher</h2><p>The investor shared his thoughts in a post on the social media platform X on Thursday, highlighting TSLA stock's performance and his reluctance to buy the stock amid the rally, which happened after CEO <strong>Elon Musk</strong> purchased additional shares in the EV giant worth $1 billion.</p><p>&#34;We are long-term investors and can't buy TSLA again until it offers a 2:1 risk-adjusted upside/downside,&#34; Black said in the post. However, the investor also outlined that he would advise that the stock is &#34;likely going higher between now and 9/30 as traders discount a 3Q TSLA delivery beat (our 3Q delivs 470K vs WS 433K est).&#34; It's worth noting that Black had also previously said that the automaker would see a strong Q3 sales performance.</p><p>The investor then added that he expects Tesla stock to fall in the fourth quarter as &#34;the new more affordable model falls short of expectations,&#34; and predicted a 10%-12% decline in deliveries during Q4.</p><h2>Elon Musk Reaffirms Tesla Commitment Amid Talent Exodus</h2><p>The comments come as Musk recently reaffirmed his commitment to Tesla and his other ventures as the CEO shared an insight into his schedule. He also shared that he has a particular focus on Tesla's Optimus line of robots, the artificial intelligence exploits, as well as vehicle production.</p><p>Meanwhile, the Optimus team lead for AI, <strong>Ashish Kumar</strong>, announced that he was leaving the company, becoming the latest in a line of high-profile exits from the company that saw key individuals depart from the EV giant.</p><h2>Tesla To Redesign Door Handles Amid NHTSA Probe, China Ban</h2><p>Elsewhere, Tesla has said that it will be redesigning its electronically-operated door handles, which are currently under investigation by the NHTSA over safety risks that could lead to occupants, especially children, being trapped inside the vehicle due to a loss of power.</p><p>This probe also comes in as authorities in China are proposing a ban on flush door handles on all cars in the market due to safety concerns. Authorities say any such ban would take effect in July 2027.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Tesla Chair Robyn Denholm Calls Elon Musk ‘Once-In-A-Generation Visionary' In New Message To Shareholders: ‘Elon Only Gets Compensated…'</li> </ul><p><em>Photo courtesy: VTT Studio / Shutterstock.com</em></p></div></div></div>

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<p>Gary Black, managing director of Future Fund LLC, predicts Tesla (TSLA) stock will rise through Q3 before declining in Q4. He anticipates a strong Q3 delivery of 470K vehicles, exceeding Wall Street's estimate of 433K. However, he expects a 10%-12% drop in Q4 deliveries due to underperformance of a new affordable model. Black remains cautious about buying TSLA, seeking a better risk-adjusted upside. Meanwhile, Tesla is redesigning its door handles amid an NHTSA investigation and a proposed ban in China.</p>

- Gary Black, managing director of Future Fund LLC, anticipates Tesla Inc. stock will rise through Q3 before declining in Q4 due to expected delivery shortfalls.  
- He noted a potential 10%-12% drop in deliveries in Q4, despite a strong Q3 performance forecast of 470K deliveries compared to Wall Street's 433K estimate.  
- Additionally, Tesla is redesigning its door handles amid an NHTSA safety investigation and a proposed ban in China, while facing high-profile departures from its AI team.  

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Gary Black Says Tesla Stock Will Go 'Higher' — Predicts Decline In Q4: 'We Expect TSLA...'