Why this investor is skeptical about Tesla's robotaxi event
Tesla's (TSLA) highly anticipated robotaxi event, dubbed "We Robot," is set to take place today at 10 p.m. ET. CEO of Gerber Kawasaki Wealth & Investment Management Ross Gerber joins Market Domination to share his perspectives on the event and Tesla's plans. Gerber expresses enthusiasm for the concept of autonomy but urges Tesla to be realistic about the timeline for fully functional self-driving technology. Drawing from personal experience, he describes autonomous driving as "horrendously difficult," often requiring human intervention. While optimistic about the technology's potential, Gerber believes "we're just not there yet." "I still am curious about...how they'll deploy enough cars at the right times in the right places to fulfill demand efficiently," Gerber tells Yahoo Finance, adding, "I'm not sure how this all works." "Why I own Tesla is they make the best EVs in the world... If they focus on selling EVs that are super safe with great technology, they can be wildly successful. Pivoting into becoming a robot company is an extremely high-risk move that is non-quantifiable, and there's no market for it yet," he explains. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith
