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Tesla (NASDAQ:TSLA) is throwing out big incentives to move cars, but not everyone is impressed. In fact, longtime Tesla investor Ross Gerber is openly mocking the company’s latest moves.
Big Discounts, But Bigger Doubts
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According to another Tesla investor, Sawyer Merritt, the electric vehicle company is offering its brand-new 2024 Model 3 Performance vehicles for just $41,490, a price that already includes the $7,500 federal EV credit. Buyers also get 10% off, 0% APR financing, and a free transfer of Full Self-Driving capabilities. Deep Blue Metallic and Pearl White paint colors, along with a white interior, are now included at no extra cost.
Merritt highlighted the offer on X, calling it “a lot of value for the money.” But Gerber had a different reaction, posting, “Someone please come buy a Tesla. Anyone... $TSLA.”
Adding to his criticism, Gerber also mocked reports of a cheaper Tesla Model Y rumored to launch in July. He sarcastically described it as “Just 4 wheels and you sit on the battery. Amazing innovation! The Tesla model C – rap,” reacting to news of stripped-down features like fabric seats and a smaller battery for an expected $26,000 to $28,800 price tag.
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Gerber: Worst Tesla Performance in 11 Years
Gerber has been vocal about Tesla’s struggles this year. After Tesla reported a 71% drop in first-quarter profits, he said, “I’ve done Tesla calls for 11 years. This is the worst performance I’ve seen in Tesla’s history.”