00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Future Fund's Gary Black said Saturday that Tesla's rumored sub-$30,000 Model Q could drive
00:07strong upside but warned the company lacks the marketing capability to execute. Black posted
00:11on X that the vehicle's reintroduction may reflect challenges with autonomous vehicle goals or
00:16recognition that canceling the model was a mistake. Black said Tesla may struggle to market the Model
00:21Q effectively due to a lack of marketing capability even if the vehicle launches. His comments followed
00:26a user citing a Reuters report that the Model Q could act as a stock catalyst. Tesla faces rising
00:31competition as BYD nearly matched first quarter deliveries and overtook Tesla in annual EV
00:36leadership after two years of declining sales. Black also linked Tesla's eight-week stock decline
00:42to weak deliveries and concerns about robotaxi progress. For all things money, visit Benzinga.com.
Comments