Tesla’s Dark Horizon: Insider Warns of 16% Stock Plummet as Billionaire Investor Threatens to Abandon Ship in 6 Months

Tesla Investor Warns of Overvalued Stock Price and Lack of Vision

Ahead of the release of Tesla’s robotaxi in October, early investor Ross Gerber has expressed bitter words about the company’s direction. Gerber, co-founder of Gerber Kawasaki Wealth, has warned that he will sell all of his shares if Tesla does not present a unique vision within the next six months.

A Warning to Tesla: Focus on Electric Vehicle Sales

Gerber emphasized that Tesla’s stock price is currently overvalued and could fall by an additional 15% in the future. He suggested that Tesla’s fair value is around $180 per share, which is about 16% lower than its closing price on March 30. Gerber began selling off Tesla stocks in earnest around November of last year and has sold off a total of $60 million worth of stocks as of recently.

Musk’s Focus on AI and Robotics: A Distraction from Core Business

Gerber pointed out that Tesla CEO Elon Musk’s focus on artificial intelligence (AI) and robotics rather than selling electric vehicles is not true to his core business. He criticized Musk’s pursuit of humanoid robots, saying, “Nobody wants or trusts Elon Musk’s robots. It’s just a distraction from the fact that we have to sell cars this year, next year, and the year after, and none of that is going to happen anytime soon.”

Tesla’s Electric Vehicle Sales: A Cause for Concern

According to the China Passenger Car Association, Tesla electric vehicle sales in China reached 65,000 units in August, a 3% increase year-on-year. However, BYD, known as the ‘Chinese Tesla’, saw its electric vehicle sales surge 30% year-on-year to 375,440 units. Gerber has argued that Tesla should expand its electric car sales, but has not been able to get through.

The Future of Robotaxis: Regulation and Monetization

Tesla is scheduled to unveil its robotaxi on October 10 at Warner Bros. Studios in Burbank, Los Angeles, California. However, Jim Farley, CEO of Ford Motor Company, said, “Robotaxis are currently highly regulated and will not be easy to monetize.” Gerber also expressed concerns about the feasibility of robotaxis, saying, “Tesla still has too many unfinished projects, and the most important FSD issue must be resolved first.”

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