The Future Fund LLC, Managing PartnerGary Blackpushed back against accusations of short-term trading, clarifying his firm'sTesla Inc(NASDAQ:TSLA) investment approach focuses on strategic position adjustment rather than active trading.

What Happened: Black revealed that The Future Fund's average Tesla stock purchase price since early 2023 has been $162, while their average selling price has been $252. This disclosure came amid debate over the fund's trading practices on social media platform X.

"We don't trade Tesla," Black stated. "We trim when Tesla's price goes higher, which causes upside/downside to decline. We tend to...