Investor Gary Black of The Future Fund LLC dismissed arguments made by bullish supporters of Tesla Inc.
(NASDAQ:TSLA), who opined that Elon Musk was deliberately slowing down the EV giant's Robotaxi ramp to induce a merger with Space Exploration Technologies Corp.
(NASDAQ:SPCX).
Gary Black Dismisses 'Absurd' Argument In a post on X on Thursday, Black rubbished the idea that Musk was slowing down Tesla's Robotaxi ramp on purpose.
The investors said that arguments saying "Elon is holding back TSLA’s robotaxi scale-up so $SPCX can buy $TSLA at a relatively cheap valuation" were "absurd." The investor pointed towards "massive dilution" that would result from the transaction, given valuation concerns with both the commercial space flight giant and Tesla.
