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Ahead Of Tesla's Q3 Earnings, Fund Manager Gives One Reason Why The EV Maker Should Initiate $10B Stock Buyback

Benzinga ·  Oct 14, 2023 16:58

Tesla, Inc. (NASDAQ:TSLA) shares have been locked in a lackluster phase since the post-earnings pullback seen in late July. Future Fund Managing PartnerGary Blackdetailed what theElon Musk-led company should be doing to prop up the sagging stock.

What Happened: Even after Tesla funds investments in full-self driving, new Gigafactories, bots or any other capital expenditures, the company is left with a huge free cash flow, Black said in an X post on Friday. The fund manager noted that the company said in its recent 10-K filing that it expects capex to be $7 billion...

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