Fund manager who sold Tesla, just in time, says investors are overlooking these tech bargains

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Gary Black also likes Amazon and DoorDash

Last Updated: June 10, 2025 at 7:16 a.m. ET
First Published: June 10, 2025 at 6:53 a.m. ET

Two weeks ago, Wall Street veteran Gary Black sold his remaining Tesla shares, helping clients sidestep a selloff driven by a public fallout between Chief Executive Elon Musk and President Donald Trump. 

Black’s unease with Tesla TSLA goes back a ways. When the managing partner of The Future Fund launched the One Global ETF FFND in August 2021, he snapped up Tesla, which quickly became the biggest position. By the second quarter of 2022, he began to trim as Musk started cutting electric-vehicle prices.