The recent downturn in Tesla Inc.’s (NASDAQ:TSLA) shares is more likely due to a broader sell-off in AI stocks than a potential share sale by Elon Musk, according to Gary Black. What Happened: On Friday, the managing partner at The Future Fund, refuted the idea that Musk was offloading Tesla shares to meet financial obligations for X before the Q3 trading window closes. Instead, he identified a guidance miss by Broadcom Inc. (NASDAQ:AVGO) as the probable trigger for the selloff in AI stocks selloff, which includes Tesla because of the EV giant’s AI play due to full self-driving, or FSD, among …
