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

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.