Gerber Urges EV Switch, Highlights FSD Sunlight Glitch and 50% Tesla Stock Drop
Ross Gerber urged Californians to buy EVs such as Rivian or Kia to sidestep soaring gasoline expenses and highlighted Tesla’s FSD version 14.2.2.4 failures in direct sunlight. He also sold about $60 million of Tesla shares and forecasts a potential 50% decline in the stock.
1. EV Recommendation Driven by California Fuel Spike
Ross Gerber pointed to California's sharp rise in gasoline costs as a compelling reason for consumers to purchase electric vehicles, urging buyers who avoid Tesla to consider Rivian or Kia models to eliminate ongoing fuel expenses.
2. Tesla FSD Sunlight Glare Issue Exposed
Gerber highlighted a significant flaw in Tesla's Full Self-Driving version 14.2.2.4, reporting that direct sunlight disrupted the system’s sensors despite otherwise smooth operation in urban traffic, attributing the problem to hardware limitations.
3. Bearish Stock Outlook and Major Share Sale
The wealth manager liquidated roughly $60 million in Tesla shares and warned of a possible 50% drop in the company's stock value this year, citing waning popularity, doubts over the autonomous taxi network, camera-only self-driving reliance, and intensifying competition from rivals like BYD.