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Ross Gerber, CEO / President at Gerber Kawasaki, points out that the market reacted negatively to strong sales numbers reported by Tesla.
He notes that with gas prices back to normal, Tesla faces weaker demand moving forward. Gerber also highlights that the company currently only offers three models, one of which is the underperforming Cybertruck. He adds that safety issues with Full Self-Driving (FSD) are causing challenges for taxi fleets.
Gerber has recently commented on risk management in trading. He advised investors to use limit orders instead of market orders when trading SPCX stock. Earlier, he attributed a negative bitcoin cycle to high-profile sales following public pledges not to sell, citing speculative liquidations in the crypto market.