Tesla Stock Is Too Cheap. It Should Start Buying Back Its Own Shares.

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Future Fund Active ETF co-founder Gary Black sent a letter to Tesla board of directors with a recommendation on how to spend some of the company’s growing cash hoard.

He wants them to buy back Tesla (ticker: TSLA) stock. Share buybacks can boost any stock. After all, a company is just another buyer of shares—and when there are more buyers than sellers, stock prices rise.


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