Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. (NASDAQ:TSLA) for underperforming the Nasdaq 100 index for the last five years, which he thinks happened due to the brand not living up to the Full Self-Driving (FSD) promises.
Unsupervised FSD Hype
On Sunday, the investor shared his criticism via a post on the social media platform X as he responded to a post by influencer Whole Mars Catalog. In the post, the influencer had outlined various reasons to invest in the company. “No investment professional values $TSLA on trailing P/E,” Black said in the response, adding that investors and analysts used the forward P/E ratio, which wasn’t the reason the stock had “underperformed NDX” for the last five years.
“TSLA has underperformed because it has never lived up to the hype that its vehicles will drive themselves unsupervised,” he said. He then repeated CEO Elon Musk‘s claims about Tesla Robotaxi serving over half the U.S. population by the end of …
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