Back to News
Nov 12, 2025 8:00 AM

Gary Black Slams Tesla Bulls For 'Fool's Narrative' On Autonomy And Robots Amid EV Volume Slump, Soaring Valuation

Gary Black, the Managing Director of Future Fund LLC, has a different take on the future of Tesla Inc. (NASDAQ:TSLA) amid the company’s recent inclination towards autonomy and robots.

Black Skeptical Of Tesla’s Autonomy Push

Black took to X on Tuesday and highlighted the decline in Tesla’s global volumes and the company’s shift towards “unsupervised” autonomy and humanoid robots. Black dismissed this as a “fool’s narrative,” emphasizing that over 70% of Tesla’s profits come from electric vehicles (EVs).

$TSLA bulls say it doesn't matter that TSLA Oct global volumes are down -30-35% YoY, since the business is transitioning to unsupervised autonomy and humanoid robots. That's a fool's narrative with 70%+ TSLA profits from EVs. With EVs, TSLA had first mover advantage and clearly… pic.twitter.com/tSJTv4LC18

— Gary Black (@garyblack00) November 11, 2025

Black also criticized Tesla bulls for ignoring the rise of autonomous ride-sharing in China, where Tesla lags ...