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Future Fund LLC's managing director, Gary Black, says that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk's comments about the future aren't enough to instill confidence in the company's investors following a mixed Q3 earnings report. Check out the current price of TSLA here. Earnings Call Was Long On Promise But Short On Specifics, Says Gary Black Taking to the social media platform X, the investor shared his thoughts on the EV giant's earnings call in a post on Wednesday. "$TSLA 3Q conference call was long on promise but short on specifics," Black said. He then went on to provide a highlight of the earnings conference's major points, including the question of when Tesla would remove onboard safety operators from its Robotaxis, which Musk addressed in the earnings call. The investor said that Musk's comments seem fit for engineers and not investors. "The technical jargon and buzzwords did little to instill confidence – hence the stock price kept falling during most of the call," Black said. He added that the company's management should've instead focused on discussing "major strategic initiatives, early consumer response to the new more affordable vehicles," among other things. Ross Gerber Says Tesla Shouldn't Focus Away From EVs Gerber Kawasaki's co-founder Ross Gerber, during an interview, said that Tesla's focus shifting away from its core business, like EVs, which the investor believed is still "wildly profitable" for Tesla, would be a "strategic error" for Musk's EV giant. He also outlined that Tesla makes the best cars in the world and that he still personally owned Tesla stock, while also holding over "$80 million" worth of Tesla shares for clients. Musk Calls ISS Corporate Terrorists, Gary Black Sees Pay Package Approved Musk, meanwhile, called proxy advisory firms like International Shareholder Services (ISS) and Glass Lewis corporate terrorists for opposing the billionaire's $1 trillion pay package. Elsewhere, Black sees the new pay package receiving overwhelming approval from Tesla's investors at the shareholder meeting in November, with over 70-75% investors in the company being in favor of the pay package. Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. Tesla also offers a favorable price trend in the Short, Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today! Check out more of Benzinga’s Future Of Mobility coverage by following this link. Read Next: Elon Musk Says Tesla Robotaxi Could Go Driverless In Austin By Year-End, Walks Back Major Promise Photo courtesy: Shutterstock
