Gary Black Says TSLA Stock Has 'Done Nothing' In 5 Years Despite 'Huge Advances' In Self-Driving: 'Fallen Way Behind...'

Investor Gary Black of The Future Fund LLC has criticized Tesla Inc. (NASDAQ:TSLA) and its bullish supporters, noting that the stock has failed to demonstrate growth over the last 5 years amid the autonomous driving race.

Tesla Stock Has Done Nothing

In a post on the social media platform X on Thursday, the investor slammed the stock and Tesla's bullish supporters. "$TSLA stock has done nothing for 5 years (TSLA +81% vs NDX +94%) despite huge advances in TSLA's unsupervised autonomy technology," the investor shared.

He also criticized Tesla bulls who were urging investors to focus on the company's "long-term vision," while adding that the automaker had "fallen way behind" Alphabet Inc.‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Waymo in terms of "autonomous rides completed per week without safety drivers."

"TSLA forward 2026-2028 earnings ests have come down sharply," Black said, adding that the new affordable Cybertruck AWD trim was cannibalizing into the mid-level trim's sales.

"The bulls' advice to ignore the numbers is hilarious," the investor said, because stock prices are driven by "earnings & cash flows." He then said that asking people to ignore the numbers would be like "telling @elonmusk to ignore the laws of physics."

Elon Musk's Bold Prediction

The news comes as Elon Musk, in a recent interview, urged Tesla investors to hold on to the automaker's stock, predicting that it would be "worth a lot more" in the future as he outlined factories on the lunar surface in the next 20 years and a bright future ahead for the company.

Musk had earlier touted factories on the moon, which would facilitate launching AI satellites in deep space without rockets, as well as positioning the Optimus humanoid robot as a means to colonize other planets.

Tesla's Cybercab Updates

Meanwhile, the Cybercab, which is set for a production ramp in April this year, was recently spotted testing on a highway in Chicago, as Musk has shared that the vehicle would command a price of $30,000 or less when it launches.

Tesla also recently unveiled a production-ready version of the Cybercab from the company's Texas Gigafactory. Musk has assured that the vehicle would feature no steering wheel and no pedals.

Benzinga Edge Rankings show that Tesla scores well on the Momentum metric and offers a favorable price trend in the Long Term.

Price Action: TSLA declined 2.10% to $408.58 at Market close on Thursday, further dropping 0.46% to $406.70 during the overnight trading session.

Check out more of Benzinga’s Future Of Mobility coverage by following this link.

Photo courtesy: Tada Images / Shutterstock