Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, praised Alphabet Inc.‘s GOOGL GOOG Waymo autonomous vehicles while criticizing Tesla Inc.’s TSLA Full Self-Driving technology in a recent social media post, suggesting ride-hailing giant Uber Technologies Inc. UBER could face business challenges from Waymo’s expansion.
What Happened: “Waymos working Santa Monica in scale now. Uber has got to be hurting from this,” Gerber wrote Sunday on X. “Everyone we talk to loves the Waymo experience. The cars drive with confidence in very difficult conditions. My tesla FSD is like a 12 year old driving next to a Waymo.”
This isn’t the first time Gerber has criticized Tesla’s autonomous technology. In early February, he reported “multiple disengagements over 40 miles” while testing FSD version 13.2.6 on the Cybertruck, describing it as “not usable” and stating Tesla’s technology is “not even in the same league as Waymo at this point.”
His assessment comes at a pivotal moment for Tesla’s autonomous driving ambitions. CEO Elon Musk recently predicted Tesla’s FSD would exceed human driving safety by the second quarter of 2025, but researcher Troy Teslike suggests Tesla is attempting to skip development steps that competitors like Waymo spent years refining.
Why It Matters: Meanwhile, Goldman Sachs analyst Mark Delaney acknowledges “meaningful improvement” with FSD version 13 but maintains a cautious stance with a Neutral rating and $345 price target on Tesla stock. Delaney projects limited initial robotaxi revenue of approximately $115 million by 2027.
Tesla faces additional challenges beyond technology concerns. Gerber recently stated he intends to “eventually” sell his Cybertruck due to growing public animosity toward the Tesla brand, which he described as “broken.” This comes amid protests at Tesla showrooms across the U.S., targeting Musk’s role in the Trump administration’s Department of Government Efficiency.
The National Highway Traffic Safety Administration has also opened investigations into 2.6 million Tesla vehicles equipped with FSD following safety concerns and reported incidents.
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