Tesla, Inc. (NASDAQ:TSLA) shares plummeted last week following the electric vehicle giant’s disappointing quarterly results and management’s commentary on a recent earnings call. One Tesla investor said Elon Musk missed an opportunity to assuage the concerns of investors.
What Happened: Tesla investors are losing confidence in the company’s long-term growth trajectory and fear that further price cuts could be coming soon, said Future Fund Managing Partner Gary Black. Future Fund’s flagship exchange-traded fund, the Future Fund Active ETF (NYSE:FFND), has Tesla as its second-biggest holding.
