Gary Black: Tesla's 14% Post-Earnings Plunge Reflects Investor Concerns Over Autonomy Scaling

Tesla Inc. experienced a significant post-earnings selloff, with the stock plunging 14.5% to mark its worst trading day since March 2025. According to Gary Black, managing partner at The Future Fund LLC, this decline reflects investors reassessing their expectations for the company’s autonomous driving ambitions. Black stated that investors “took to heart management’s caution about not scaling up” unsupervised self-driving until the vehicles demonstrate it is safe to do so.

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Tesla's Secret Growth Driver Sees 50% Surge Beyond Vehicles, Energy Storage, and Autonomous Taxis

Tesla Inc. spent much of its second-quarter update discussing Cybercab production, Robotaxi expansion, and artificial intelligence. However, the company’s fastest-growing business wasn’t any of those. Instead, it was the Services and Other segment, which includes vehicle servicing, paid Supercharging, insurance, used vehicle sales, retail merchandise, and other recurring businesses tied to Tesla’s expanding fleet.

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