Tesla, Inc. (NASDAQ:TSLA) is facing a potential risk due to new configurator price cuts, according to Future Fund Managing Partner Gary Black. If Tesla lowers configurator vehicle prices, it could reduce the company's 2023 and 2024 earnings by 35% and 27%, respectively. Tesla's auto gross margin has been on a downward trajectory since the company began cutting prices in Q4 2022. The stock was mostly down post-earnings (July 19) due to a lack of visibility into the margin outlook.