Tesla Could Create a Catalyst for Its Stock by Doing This

Future Fund Active ETF cofounder 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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