Investor Gary Black Defends J.P. Morgan Analyst Amid Tesla Stock Criticism
Gary Black Isn't Happy With Tesla Bulls' Criticism Of Bearish JP Morgan Analyst: 'Been Wrong On TSLA For 10 Years, But...'
Benzinga
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Gary Black, an investor with The Future Fund LLC, criticized Tesla Inc. (NASDAQ: TSLA) supporters for attacking J.P. Morgan Chase analyst Ryan Brinkman over his bearish stance on the company. Brinkman predicts Tesla will turn free cash flow negative this year, a claim Black acknowledges despite Brinkman's previous inaccuracies over the past decade.
- 01Gary Black criticized Tesla bulls for personal attacks on J.P. Morgan analyst Ryan Brinkman.
- 02Brinkman has been bearish on Tesla for over a decade but has shown credibility in recent years.
- 03J.P. Morgan has issued a 'sell' rating for Tesla, predicting a 60% decline in stock performance.
- 04Tesla's Q1 2026 delivery figures fell short of expectations, with over 50,000 unsold vehicles.
- 05Contrasting views exist, as Morgan Stanley predicts strong vehicle deliveries for Tesla in 2026.
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Investor Gary Black of The Future Fund LLC expressed discontent with Tesla Inc. (NASDAQ: TSLA) supporters for attacking J.P. Morgan Chase analyst Ryan Brinkman instead of addressing his bearish arguments. Brinkman has been bearish on Tesla for over ten years, but Black noted that he has been correct in his predictions over the last five years, particularly regarding the company's financial outlook. J.P. Morgan recently downgraded Tesla to a 'sell' rating, forecasting a 60% decline in stock performance due to deteriorating financial metrics. This comes after Tesla reported Q1 2026 delivery figures that fell short of analyst expectations, with over 50,000 unsold vehicles recorded. In contrast, Morgan Stanley analyst Andrew Percoco maintains a bullish outlook, predicting that Tesla will deliver over 1.6 million vehicles in 2026, highlighting the importance of the Robotaxi initiative in Austin as a key growth driver. As of market close on Monday, Tesla's stock fell by 2.15% to $352.82, continuing to decline in overnight trading.
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The bearish outlook from analysts could influence investor sentiment and stock performance, potentially affecting Tesla's market position and future growth strategies.
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