Investor Gary Black of The Future Fund LLC has reaffirmed that his decision to exit his position in Tesla Inc. (NASDAQ:TSLA) as the EV giant reported a Q1 delivery miss.



<h2>Exiting Tesla Was The Right Call</h2>



In a post on the social media platform X on Thursday, the investor shared that his firm had exited Tesla last year. “We took a lot of grief from $TSLA bulls on X when we exited the balance of our TSLA position last May at $358,” he said, adding that the move has been the “right call,” as Tesla has “struggled to turn around its core EV business” and shift towards a “highly competitive” autonomous driving sector “without advertising investment.”



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote>We took a lot of grief from $TSLA bulls on X when we exited the balance of our TSLA position last May at $358. Since then it has been the right call (TSLA -1% vs NDX +12%) as TSLA has struggled to turn around its core EV business and pivot to a highly competitive unsupervised… pic.twitter.com/QBS4VlaUSO— Gary Black (@garyblack00) April 2, 2026</blockquote>
</div></figure>



<h2>Gary Black Slams Tesla’s Unsupervised Hype</h2>



The investor had earlier slammed Tesla’s performance, or lack thereof, when compared with Nasdaq, sharing that the stock had underperformed the NDX for 5 years because “it has never lived up to the hype that its vehicles will drive themselves unsupervised.”



He also decried CEO Elon Musk‘s claims about Tesla Robotaxi serving over half the U.S. population by the end of last year, or the Austin robotaxi going driverless by the end of last year. He also slammed the Robotaxi service, saying that Tesla’s fleet in Austin remains at just 9 vehicles.



<figure class="wp-block-image size-large"></figure>



According to Benzinga Edge Rankings, Tesla offers Satisfactory Momentum and Growth, as well as a favorable price trend in the Long term.



Price Action: TSLA fell 5.42% to $360.59 at market close on Thursday, but gained 0.19% to $361.26 during the after-hours trading session.



Check out more of Benzinga’s Future Of Mobility coverage by following this link.



Photo Courtesy: Ken Wolter on Shutterstock.com

TSLA

TSLS

Investor Gary Black of The Future Fund LLC stated that exiting his Tesla position last year was the right decision, especially after the company's Q1 delivery figures missed estimates. He faced criticism from Tesla supporters when he sold his shares at $358, but believes it was justified as Tesla struggles in a competitive market. Black criticized Tesla's performance and CEO Elon Musk's claims about autonomous driving, noting that Tesla's stock has underperformed compared to the Nasdaq over the past five years. TSLA shares fell 5.42% to $360.59 at market close.

- Investor Gary Black of The Future Fund LLC has confirmed his decision to exit Tesla Inc. shares due to the company's Q1 delivery miss and ongoing struggles in the EV market.  
- He stated that exiting his position last May at $358 was justified, as Tesla has underperformed compared to the Nasdaq index.  
- Black criticized Tesla's self-driving claims and highlighted the company's limited success in the competitive autonomous driving sector, mentioning that its Robotaxi fleet in Austin consists of only nine vehicles.

benzinga_article

Tesla

GraniteShares 1.25 Long TSLA Daily ETF

Direxion Daily TSLA Bear 1X Shares

Leverage Shares 2X Long TSLA Daily ETF

Simplify Volt TSLA Revolution ETF

T-Rex 2X Long Tesla Daily Target ETF

GraniteShares 2x Long TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

GraniteShares 2x Short TSLA Daily ETF

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

Gary Black Says Exiting Tesla Position Last Year Was The 'Right Call' Amid Q1 Delivery Miss: Took A Lot Of 'Grief' From The Bulls