Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. (NASDAQ:TSLA) for underperforming the Nasdaq 100 index for the last five years, which he thinks happened due to the brand not living up to the Full Self-Driving (FSD) promises.<h2>Unsupervised FSD Hype</h2>On Sunday, the investor shared his criticism via a post on the social media platform X as he responded to a post by influencer Whole Mars Catalog. In the post, the influencer had outlined various reasons to invest in the company. “No investment professional values $TSLA on trailing P/E,” Black said in the response, adding that investors and analysts used the forward P/E ratio, which wasn’t the reason the stock had “underperformed NDX” for the last five years.“TSLA has underperformed because it has never lived up to the hype that its vehicles will drive themselves unsupervised,” he said. He then repeated CEO Elon Musk‘s claims about Tesla Robotaxi serving over half the U.S. population by the end of last year. Musk had also touted Tesla’s Robotaxi in Austin, going driverless by the end of last year.“Despite all the assertions that Teslas drive autonomously today without supervision, TSLA still has only 9 robotaxis in operation without safety monitor,” he said, criticizing the company’s results for failing to match “the hype.”It’s also worth noting that the FSD system is currently under investigation by NHTSA, with a potential recall that could affect millions of Tesla vehicles out on the roads.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"><blockquote>No investment professional values $TSLA on trailing P/E. Everyone uses forward P/E or its close cousin DCF. But let's be honest: The use of forward or trailing P/E is not the reason TSLA has underperformed NDX for five years. TSLA has underperformed because it has never lived…— Gary Black (@garyblack00) March 29, 2026</blockquote></div></figure><h2>Gary Black Decries Lack Of Marketing</h2>The comments follow as the investor had earlier called the technology a &#34;great product,&#34; which was negatively impacted by a lack of marketing. &#34;The problem is a total lack of awareness with no advertising,&#34; he had earlier said.Black had also urged Tesla to follow Apple Inc. (NASDAQ:AAPL) co-founder Steve Jobs‘ marketing strategy for its products. “$TSLA has the best products but has no marketing,” the investor said.<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 slid 2.76% to $361.83 at market close on Friday, slipping 0.37% further to $360.50 during the overnight trading session.Check out more of Benzinga's Future Of Mobility coverage by following this link.Photo courtesy: Shutterstock

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Investor Gary Black has criticized Tesla (NASDAQ:TSLA) for underperforming the Nasdaq 100 index over the past five years, attributing this to unmet Full Self-Driving (FSD) promises. He highlighted that Tesla has only 9 operational robotaxis, despite claims of widespread autonomous driving. Black also pointed out the company's lack of marketing, suggesting Tesla should adopt strategies similar to those of Apple co-founder Steve Jobs. TSLA shares fell 2.76% to $361.83 at market close, continuing to decline in after-hours trading.

- Investor Gary Black of The Future Fund LLC criticized Tesla for underperforming the Nasdaq 100 index over the last five years, attributing this to unmet Full Self-Driving (FSD) promises.  
- He stated that Tesla's failure to deliver on autonomous driving claims has led to its poor performance and highlighted the company's minimal robotaxi operation.  
- Black proposed that Tesla should adopt a marketing strategy similar to that of Apple, emphasizing the need for better product awareness despite having strong offerings.

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Gary Black Says TSLA Has Underperformed Nasdaq For 5 Years Because It Has Never Lived Up To Unsupervised FSD Hype: 'TSLA Still Has Only 9 Robotaxis'