TSLA underperforms NDX over multiple time frames, Gary Black notes

TSLA underperforms NDX over multiple time frames, Gary Black notes
TSLA lags NDX as yields fall

Gary Black, managing partner and investor at The Future Fund, compares TSLA's performance to NDX amid falling U.S. 10-year treasury yields. Over 1, 3, and 5 years, TSLA has consistently lagged NDX, with TSLA posting a 10% gain over 1 year versus NDX's 32%, and a 68% gain over 5 years compared to NDX's 104%. Black also notes a 10bps decline in the 10-year treasury yield to 4.39%, while Brent crude reached its lowest level.

Black has previously tracked gains in semiconductor stocks, highlighting AVGO's rise ahead of earnings as custom AI chips draw Wall Street interest. He also commented on the SPCX IPO's opening at $150 and subsequent increase to $164. These observations follow a series of posts monitoring key equity and technology events.

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