Although Tesla Inc.'s (NASDAQ:TSLA) second-quarter delivery figures massively exceeded Wall Street estimates, the EV giant's stock sharply declined despite the positive sales milestone and investor Ross Gerber thinks that is the least of Tesla's problems.
Ross Gerber Weighs In On TSLA Slip In a post on X on Thursday, the investor shared his take on Tesla's stock decline.
"Market had a negative reaction to good Tesla sales numbers," he said.
Gerber then said that gas prices were falling back to pre-war levels, which meant "less demand" for the EV giant.
Read Also: Elon Musk Says Tesla's Model S, Model X Line Is Now Building Optimus Robots "They make just 3 models and one is the non-selling cybertruck.
