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Zenger
Zenger
Technology
Shanthi Rexaline

DARK SECRETS: Tesla investors lose confidence as shares plummet on disappointing quarter - The Real Truth

Elon Musk Gary Black Ice Tesla Inc. Future Fund

Tesla, Inc. (NASDAQ:TSLA) shares plummeted last week following the electric vehicle giant’s disappointing quarterly results and management’s commentary on a recent earnings call. One Tesla investor said Elon Musk missed an opportunity to assuage the concerns of investors.

What Happened: Tesla investors are losing confidence in the company’s long-term growth trajectory and fear that further price cuts could be coming soon, said Future Fund Managing Partner Gary Black. Future Fund’s flagship exchange-traded fund, the Future Fund Active ETF (NYSE:FFND), has Tesla as its second-biggest holding.

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