Ross Gerber Blasts Elon Musk's Conference Call 'Hallucinations' That 'Don't Even Come Remotely True': Robotaxis Just Ubers, Robot Not Working

Core Viewpoint - Ross Gerber, co-founder of Gerber Kawasaki, has criticized Tesla CEO Elon Musk's claims regarding the company's future, particularly the goal of achieving driverless Robotaxis by the end of the year, which has not been met [1][2]. Group 1: Criticism of Tesla's Autonomous Technology - Gerber described Musk's statements as "hallucinations," indicating that the claims made during conference calls do not align with reality [2][4]. - The Full Self-Driving (FSD) system is still facing issues, despite being classified as Level 2 autonomy, which raises concerns about its reliability [2][4]. - Gerber noted that the concept of robotaxis is not yet functional, comparing them to traditional ride-hailing services like Uber, and highlighted a decline in car sales [3][4]. Group 2: Financial Concerns - Gerber questioned Tesla's stock performance, pointing out that the price-to-earnings (PE) ratio remains at 300, suggesting that the company's valuation may not be sustainable [3][4]. - The investor emphasized that "something has got to give," indicating a potential need for a reassessment of Tesla's market position and financial health [3]. Group 3: Tesla's Autonomous Developments - Tesla continues to work on its autonomous driving technology, with Musk recently claiming to have experienced a ride in a Tesla Robotaxi in Austin [4]. - The company is planning to scale up production of its Cybercab, which has been spotted testing in Austin and California [4]. Group 4: Industry Context - Investor Gary Black mentioned that Tesla will not be the sole player in solving autonomous driving challenges, especially in light of advancements from companies like Nvidia [6].