TECH - Tesla Shorts Suffer As Stock Soars Over 10% But This Fund Manager Doesn't Regret Missing Out On Rally After Paring Stake: Here's Why | Benzinga
Tesla, Inc. (NASDAQ:TSLA) shares have been higher for six straight sessions now, with the upward momentum accelerating after the release of second-quarter deliveries on Tuesday. The flagship fund of Gary Black-run Future Fund substantially reduced its Tesla holdings earlier this year, and the fund manager weighed in on the potential lost opportunity stemming from the liquidation.
What Happened: “With the benefit of hindsight we could have owned more than 3.3% of our portfolio,” said Black in a post on X, formerly Twitter.
Sure, with the benefit of hindsight we could have owned more than 3.3% of our portfolio. But the stock that replaced as our #2 position – – is up +146% YTD vs TSLA still -8% YTD and NDX +18% YTD. — Gary Black (@garyblack00) July 2, 2024
At $229, now trades at 94x FY'2024 EPS of $2.42 – a… pic.twitter.com/lnfYwykWNH
In early March, Future ...