Gary Black Says Tesla Is 'Too Good' A Company To Short Despite Valuation Concerns: 'Shorting Stocks Is No Picnic' - Tesla (NASDAQ:TSLA)

Core Insights - Gary Black, Managing Partner of The Future Fund LLC, has expressed reluctance to short Tesla Inc. despite concerns regarding its valuation [1][4] - Black believes that Tesla is a strong company in a growing industry, emphasizing that shorting should be reserved for companies facing significant long-term challenges [2][4] Valuation and Market Position - Black stated that Tesla would not be shorted even at a high valuation of 198 times the adjusted earnings per share for 2026, citing the company's strengths and the thriving electric vehicle (EV) market [4] - Concerns have been raised by other investors, such as George Noble and Michael Burry, regarding Tesla's valuation, with Burry labeling it "ridiculously overvalued" [4] Marketing and Competition - Black highlighted the need for Tesla to enhance its marketing strategies, warning that reliance on word-of-mouth and CEO Elon Musk's social media presence could hinder its competitiveness against Robotaxi rivals [5] - The company is perceived to have marketing issues that are considered fixable, which could help in increasing sales [4][5] Performance Metrics - Tesla scores well on Momentum and Quality metrics but is rated poorly on Value, indicating a mixed performance outlook [6] - The stock has shown a favorable price trend in the short, medium, and long term, with a slight gain of 0.46% during pre-market trading [6]