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.