TSLA and SPCX price prediction: Gary Black expects both stocks to drop further on valuation concerns

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TSLA and SPCX price prediction: Gary Black expects both stocks to drop further on valuation concerns — TSLA and SPCX face valuation pressures

Gary Black, managing partner and investor at The Future Fund, expects TSLA to fall below $300 per share and SPCX to drop under $100 per share in the coming weeks due to valuation concerns.

Black notes that both stocks trade at a FY’26 price-to-earnings ratio above 175x, which he describes as excessive as AI-related valuations continue to weaken.

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This follows Gary Black's earlier observations on market pressure after U.S. stocks slipped on disappointing Samsung earnings. He also commented on SK Hynix's record $26.5 billion U.S. ADR listing at $149 during a period of market volatility. These events weighed on AI chip stocks and contributed to cautious sentiment among investors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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