Gerber Kawasaki's co-founder Ross Gerber has dismissed the launch of an affordable Tesla Inc. (NASDAQ:TSLA) Model Y trim level as speculation takes over ahead of the October 7 event.
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‘It's Really Sad," Says Ross Gerber
Taking to the social media platform X on Monday, Gerber shared his thoughts in a post following a teaser released by Elon Musk's company. "Please not another model Y thats less good for less money. It’s really sad," Gerber said, expressing his disappointment with the update.
Gary Black's Model Y Criticism, Ross Gerber Warns Of A Difficult Tesla Q4
The comments follow similar lines shared by investors, including Future Fund LLC's managing director, Gary Black, who criticized the decision, saying that a new affordable Model Y does not offer a chance for Tesla to increase its brand leverage or expand TAM (Total Addressable Market) via a new form factor.
Meanwhile, Gerber has warned that Tesla could face a difficult Q4 despite the EV giant's third-quarter deliveries exceeding Wall Street and analyst estimates, as the company delivered more than 497k units during Q3.
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