Investor Gary Black of The Future Fund LLC has said he expects Tesla Inc.‘s (NASDAQ:TSLA) value to decline in the coming days, following a slowdown in its self-driving progress.
Tesla To Decline In Value?
In a post on the social media platform X on Wednesday, the investor said he expects full-year 2026 earnings projections for Tesla to be raised to approximately $2.00 per share from earlier projections of $1.90 per share.
However, Black said that Tesla’s valuation could take a hit, sharing that the automaker’s “2026 P/E to come down from its current 204x,” as investors in the company “adapt to TSLA management backpedaling on timing of unsupervised FSD and Robotaxi,” which would not be rolled out until late 2026 or even next year, the investor said.
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