Buy Or Subscribe Monthly To Tesla FSD? Ross Gerber Says This Option Would 'Not Be A Smart Use Of Money'
Portfolio Pulse from Shanthi Rexaline
Tesla, Inc. (NASDAQ:TSLA) reduced the price of its Full Self-Driving (FSD) software to $8,000 from $12,000 and lowered the monthly subscription from $199 to $99. Ross Gerber, CEO of Gerber Kawasaki, criticized the outright purchase option as financially imprudent compared to the subscription model. Despite his recent criticisms of Tesla's management, the company continues to focus on FSD as a high-margin, recurring revenue source. Tesla's stock fell 2.83% in premarket trading following these developments.
April 22, 2024 | 10:01 am
News sentiment analysis
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NEGATIVE IMPACT
AdvisorShares Gerber Kawasaki ETF, managed by Ross Gerber, has significantly reduced its holdings in Tesla, indicating a shift in investment strategy possibly due to concerns over Tesla's management and future direction.
The reduction in Tesla shares held by the Gerber Kawasaki ETF could reflect broader concerns regarding Tesla's management and strategic decisions, potentially influencing the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Tesla's FSD price cut and the subsequent criticism by investor Ross Gerber, alongside the stock's premarket drop, highlight investor sentiment and potential concerns over Tesla's pricing strategy and management.
The price reduction of Tesla's FSD software and the public criticism by a notable investor could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100