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.
Source: https://www.barrons.com/articles/tesla-stock-price-buyback-51665733744?siteid=yhoof2&yptr=yahoo