Gary Black's The Future Fund Lists Tesla As 3rd-Largest Holding, Behind Nvidia And Alphabet, Despite Delivery Miss
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Should l Buy GOOGL?
Source: Benzinga
Tesla's Position in The Future Fund: Tesla Inc. has become the third-largest holding in The Future Fund LLC, following NVIDIA and Alphabet, despite recent challenges including a delivery miss and an annual sales decline.
Investment Strategy and Future Outlook: Managing partner Gary Black maintains a disciplined investment approach, with a price target of $380 for Tesla, while acknowledging risks such as potential changes to EV tax credits and mixed analyst opinions on Tesla's future growth prospects.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 306.360
Low
305.00
Averages
374.25
High
400.00
Current: 306.360
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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