A well -known investor says robotaxi will turn out to be a bad business for Tsla

Tesla (Tsla) will learn “that robotax is not a worthwhile business, Ross Gerber, co -founder and CEO of Gerber Kawasaki Wealth & Investment Management, told Bloomberg TV.

Gerber called Tesla’s financial results “worrying” and suggested that the car maker will not begin to turn around until Elon Musk’s public image improves.

Why Gerber is a bassist in Tesla’s robotaxi efforts

Robotax is “highly competitive and it is very difficult for software and hardware to work (for robotaxis),” said Gerber.

He added that Tsla had not yet been able to develop effective hardware and software for his robotax

“In the posterior view they could miss the sale of EV to people, as it is a growing market,” added the veteran investor.

Gerber’s opinions on Tsla’s results and current state

Gerber said that Tesla’s car revenue sank 20% last quarter against the same period a year earlier.

He believes that only by making consumers less angry with Elon Musk, the firm can significantly increase their automobile sales.

The recent tsla shared pricing action

In the last month, the shares have won 7%, while they have decreased by 30% in the last three months.

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