The Future Fund, an active ETF managed by Gary Black, has trimmed its Tesla holdings despite the company’s stock performance. Black expressed concerns about the impact of Tesla’s price cuts on earnings and the viability of its robotaxi technology. However, Tesla remains a top performer for the fund, with a 29% gain in 2024.
Gary Black, Managing Partner of The Future Fund LLC, revealed that Tesla has been the biggest drag on his portfolio since January 2022, despite his overall positive investment performance. While Black remains bullish on Tesla, his fund’s top performers include NVIDIA, Alphabet, Eli Lilly, and Salesforce.
