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Gary Black Likes Elon Musk's Tesla But Not TSLA, Draws Comparison With Amazon—Says Nvidia 'Democratizes Autonomy'

January 18, 2026

Gary Black Likes Elon Musk's Tesla But Not TSLA, Draws Comparison With Amazon—Says Nvidia 'Democratizes Autonomy' Badar Shaikh Sun, January 18, 2026 at 5:21 AM GMT+5:30 3 min read AMZN TSLA NVDA GOOG META Investor Gary Black, managing director of The Future Fund LLC, has shared that Tesla Inc.'s (NASDAQ:TSLA) stock valuation has caused him to exit his position in the automaker. Gary Black Offers Insight Into Tesla Valuation Criticism The investor, in a post on the social media platform X, offered an insight into his outlook on Tesla, drawing comparisons with Amazon. com Inc.'s (NASDAQ:AMZN) stock during the e-commerce giant's early days. Black shared that he held Amazon stock before it was profitable and trading with "an infinite P/E," because the investor could see its retail future.

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This Platform Lets Everyday Investors Access Private Tech Early "AMZN built a fulfillment and distribution infrastructure that allowed it to deliver products next day," Black said, which set it apart from other retailers.
The investor shared that it was the same reason why he invested in Tesla back in 2019.
"No other auto manufacturer could build high quality EVs at a huge cost advantage," he said, sharing that Tesla was his fund's "largest position" for years.
However, his fund ultimately exited its Tesla position because "competition penetrated the EV market," and the company's stock price ran "far ahead" of the investor's estimates, something which he has questioned on multiple occasions.

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Gary Black Likes Elon Musk's Tesla But Not TSLA, Draws Comparison With Amazon—Says Nvidia 'Democratizes Autonomy'

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Gary Black Likes Elon Musk's Tesla But Not TSLA, Draws Comparison With Amazon—Says Nvidia 'Democratizes Autonomy'

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