Ross Gerber Slams Elon Musk's Tesla For Phasing Out 'Best EV Ever' Amid Optimus Push: 'This Is Just Wrong'

Benzinga_recent_news13:51

In a post on the social media platform X, Gerber quoted a post by influencer Sawyer Merritt that shared details about the Model S ‘Signature’ edition. “They are spending money to take this production ...

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Gerber hailed the Model S as the “best EV ever made.”\n“It’s so counter productive versus building robots elsewhere. This is just wrong,” the investor said, lamenting the sunsetting of the Model S in favor of producing the Optimus Humanoid Robot.\nMusk also shared that cars equipped with the Hardware 3 (HW3) chip would not be able to achieve Unsupervised Full Self-Driving (FSD). However, Musk had shared that Tesla could offer to change the HW3 cars’ chips to HW4 and upgrade the cameras.\nInvestor Gary Black of The Future Fund LLC shared that he expected Tesla’s valuation to decline following a slowdown in its self-driving progress. He also shared that Tesla’s $25 billion Capital Expenditure was expected, given its pivot towards Robotics.\nAccording to Benzinga Edge Rankings, Tesla offers satisfactory Momentum, but poor Value. It provides a favorable price trend in the Long term.\nPrice Action: TSLA declined 3.56% to $373.72 at market close on Thursday, further declining 0.14% to $373.18 during the overnight trading.\nCheck out more of Benzinga’s Future Of Mobility coverage by following this link.\nPhoto courtesy: Mijansk786 on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629892279","isCrawlerRequest":true}