Gary Black @garysblacks00

Managing Partner, The Future Fund LLC, SEC registered investment adviser. CEO/CIO/PM. https://t.co/h3ccWE0mFa. Disclosure: https://t.co/QJW6vIEpDK thefuturefund.com Chicago, IL Joined April 2014

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Gary Black @garyblack00

a week ago

$TSLA China insured registrations for the week of Apr 15-21 were a weak 5.2K. After three weeks, TSLA 2Q China is now -41% QoQ and -12% YoY. These may be preliminary #s according to @piloly.

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In today’s pre-mkt summary for Subscribers: 180 companies representing 40% of S&P value reporting this week; $TSLA reports tonight - may show first YoY rev decline since Covid; may offer FY’24 volume and margin outlooks, update on $25K Compact and robotaxi timing, China trends,…

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Gary Black @garyblack00

a week ago

We have cut our $TSLA earnings ests and price target to reflect this weekend’s TSLA price cuts in the US/China. We see little or no volume growth as a result of the price cuts consistent with last year’s experience as competitors match TSLA’s price cuts. We expect WS analysts…

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Gary Black @garyblack00

a month ago

Strange that so many bulls get upset by general pessimism toward $TSLA expressed by mainstream media. In hindsight, mainstream media has been right to be pessimistic ( $TSLA -20%, NDX +37% over past three years).

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Charlie Bilello @charliebilello

a month ago

S&P 500 is up 10% in the first 60 trading days of 2024, the 14th best start to a year going back to 1928. $SPX

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Gary Black @garyblack00

a month ago

In today’s pre-mkt summary for Subscribers: S&P 500 heads for its best weekly gain of the year; other central banks echo the Fed’s dovish tilt; $TSLA lower after cutting production in TSLA Shanghai; $LULU and $NKE both issue disappointing FY’24 rev guidance.

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Gary Black @garyblack00

a month ago

$TSLA Summary - 03/20/2024 +: 1/ EV adoption +20-25% per yr 2/ Cybertruck halo effect 3/ Price hikes/Auto GM % bottoming 4/ New Elon Musk comp plan 5/ Fed starts cutting int rates 6/ FSD take rate incr./licensing deals 7/ $25K-$30K Next Gen launch FY’26 8/ Optimus production…

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Gary Black @garyblack00

2 months ago

A third $TSLA autopilot case goes to trial next week in San Jose, CA. The new case involves a fatal March 2018 crash of a Tesla Model X driven by Apple engineer Walter Huang, who was reportedly playing a video game just prior to the crash. In two prior autopilot jury trials, TSLA…

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Gary Black @garyblack00

2 months ago

Many $TSLA investors question our decision to cut our TSLA position. Please recall that TSLA mgmt has: - Argued they could potentially cut EV prices to zero gross margin and make it up on FSD/recurring revs. - Long resisted investor calls to communicate with ICE owners about…

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Gary Black @garyblack00

2 months ago

$TSLA catalysts - 03/06/2024 1/ $7,500 EV instant rebate 1Q 2/ Cybertruck halo effect 1Q 3/ M-3 Highland US launch 1Q 4/ New Elon Musk comp plan 1Q 5/ Fed starts cutting int rates 2Q 6/ FSD OEM licensing deal FY’24 7/ $25K-$30K Next Gen FY’25 8/ Optimus production begins FY’25…

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Gary Black @garyblack00

2 months ago

$RIVN +5% pre-mkt in front of R2 unveil today. Jefferies analyst Philippe Houchouis upgraded RIVN to a Buy in front of the event which starts at 10am PT. Houchouis: “Rivian appears closest to Tesla in spirit, with its own software stack, strong brand identity, global…

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Gary Black @garyblack00

2 months ago

$TSLA needs to get back to the preferred psychological position where potential customers believe TSLA vehicle prices are going higher, not lower. Currently all models S3XY show March delivery. Perhaps tomorrow TSLA will change the consumer narrative: Take the price of Model Y…

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Gary Black @garyblack00

2 months ago

Amen. Healthy competition means a faster acceleration of the world’s transition to sustainable energy.

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Gary Black @garyblack00

2 months ago

$TSLA has increased Model Y RWD and LR prices by $1,000, to $43,990 and $48,990 respectively, after cutting them by $1,000 each on Feb 11. Model Y Perf price hadn’t changed and remains $52,490. These prices are before the $7,500 off invoice EV credit, which brings starting price…

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Gary Black @garyblack00

2 months ago

In today’s pre-mkt summary for Subscribers: Renewed bank liquidity concerns; Congress passes stopgap measure to avoid partial govt shutdown; $TSLA raises prices on Model Y RWD and LR, reversing price declines from three weeks ago.

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Gary Black @garyblack00

2 months ago

IMO $TSLA investors underestimating $TSLA Cybertruck as the new “It vehicle” with the celebrity crowd. Not everyone can get a Cybertruck. Many will buy an M-S, M-X, etc..

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Gary Black @garyblack00

2 months ago

It’s amazing what a little PR from $TSLA can do to get a favorable piece from the media, isn’t it? See the @Tesla link. Do you really think CNBC came up with that piece on its own? x.com/teslacharging/…

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Gary Black @garyblack00

2 months ago

EV industry leaders like $TSLA need to drive this narrative. We’ve gone from Stage 1 early adopters buying EVs to Stage 2 rational pragmatists who need to be convinced through facts, figures, and analysis why they should go EV. It’s not about high monthly interest payments.…

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Gary Black @garyblack00

2 months ago

He’s back! $TSLA Cybertruck back in Chicago Rush street store.

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Gary Black @garyblack00

2 months ago

One caveat: Much of the 1Q $TSLA shortfall is due to M-3 Higland ramp being slow out of Fremont. That should be fixed shortly so the shortfall going forward will likely be limited. Current WS FY 2024 delivery growth of +16% YoY looks reasonable.