Part 4/10:
Black also advocates for a commitment to buy back $10 billion of Tesla stock over the next three years, possibly announced upfront with some flexibility on timing and pricing. A suggested approach might include setting a price cap—for instance, executing buybacks only if the stock drops below a certain threshold, like $120 or $140 per share. Such a move could support the stock’s valuation and demonstrate confidence from management.
From a personal standpoint, the author is actively accumulating Tesla shares, considering additional purchases if prices decline further. The belief is that Tesla’s long-term potential far outweighs short-term fluctuations, especially given the company’s innovative runway.