Tesla Inc.(NASDAQ:TSLA) continues to face significant headwinds in its automotive business, with concerns mounting over sustained margin pressure and underperformance against broader tech indices, according to an analysis fromThe Future Fund LLC.
What Happened:Gary Black, managing partner at The Future Fund, emphasizes his firm's analytical approach to valuation, notably excluding potential revenue from robotaxis and Optimus until competitive dynamics and economics become clearer.
Black, highlighted Tesla's recent underperformance, noting a 24% decline against the Nasdaq 100's 32% gain over three years. However, Future Fund maintains a long position in Tesla, citing robust global EV adoption trends...