Gary Black Says Tesla Bulls On Social Media Are Like College Students Doing 'Tequila Shots'

Chris Katje

Fri, August 21, 2026 at 5:31 AM GMT+3 5 min read

TSLA +5.14%

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

The Future Fund's Gary Black is no stranger to telling it like it is on social media when it comes to investing in Tesla Inc . The investor is back with a new warning for the overoptimistic Tesla influencers on social media.

Tesla Influencers = College Students Drinking

While Black believes Tesla could receive a buyout offer from SpaceX that could increase the valuation of the company, he doesn't think bulls of the stock are doing any help on social media.

"Watching $TSLA bulls on X is like watching a table of college students at a bar whooping it up as they down tequila shots," Black tweeted.

Don't Miss:

A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
Still Learning the Market? These 50 Must-Know Terms Can Help You Catch Up Fast

The investor said they think they're doing something by sharing details about the Cybercab, but they're not.

Black said there is no evidence the Cybercab can drive without safety monitors.

"Bulls are again whooping it up as if TSLA has alone solved for unsupervised autonomy and the Cybercab now drives itself at 99.999% efficacy."

While Black is critical of the latest enthusiasm, he does believe Tesla will be among the first to achieve unsupervised autonomy — and he expects Alphabet Inc., Baidu Inc. and Amazon.com Inc. to get there through their own vehicle units.

"As anyone with an X account can clearly see from the videos where autonomous Teslas still require supervision and disengagement, until Elon Musk puts on the road Cybercabs without safety monitors and scales it to cities not already mapped out, TSLA stock will remain moribund as it has for the past five years."

Tesla Stock Valuation

Black says Tesla stock is up 51%, while the Nasdaq 100 is up 98%, nearly double the performance, over the last five years.

Tesla bulls are using the Cybercab as their latest chance to cheer the company on "every chance they get."

In another tweet, Black said there is a "huge disconnect" for Tesla bulls and the valuation of Tesla stock.

Black says Tesla's stock price, based on a price-to-earnings ratio of 200x 2026 earnings and a PEG ratio of 5.7x, "makes no sense," especially with other automakers likely to solve unsupervised autonomy alongside Tesla.

Image via Shutterstock

Read Next:

Skip the Regrets: The Essential Retirement Tips Experts Wish Everyone Knew Earlier.
Think you're saving enough for your kids? You might be dangerously off — see why

Building Wealth Across More Than Just the Market

Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That's why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn't tied to the fortunes of just one company or industry.

Arrived

Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.

Frontieras

As electricity demand accelerates alongside AI and domestic energy production becomes a growing priority, Frontieras is developing patented technology that converts coal into fuels, chemicals, and low-emission energy products without combustion. Through its Regulation A offering, investors can gain exposure to an emerging energy infrastructure company focused on modernizing American industrial and power resources.

FarmTogether

Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.

Fundrise

Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.

Qnetic

As electricity demand rises alongside AI, data centers, and renewable energy, long-duration energy storage is becoming increasingly important. Qnetic is developing a kinetic energy storage system designed to provide long-lasting, chemical-free electricity storage, offering investors exposure to the infrastructure supporting a more resilient and reliable power grid.

Mode Mobile

Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte's fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream.

EquityMultiple

For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.

BluSky AI

As artificial intelligence drives unprecedented demand for computing power, the infrastructure behind it is becoming just as important as the software itself. BluSky AI is developing modular, prefabricated data centers designed to bring AI compute capacity online faster than traditional builds, giving investors exposure to a critical layer of the rapidly expanding AI ecosystem through its Regulation A offering.