Investor Gary Black believes Tesla Inc.’s (NASDAQ:TSLA) pullback in its self-driving ambitions is causing investors to lose faith that the company will eventually solve autonomy.
Gary Black Outlines 'Fundamental' Reason Behind Robotaxi Slowdown In a series of posts on X, The Future Fund LLC co-founder opined that there was "some fundamental reason" behind Tesla slowing down its unsupervised Full Self-Driving (FSD) and Robotaxi targets.
Read Also: Tesla Burns Through Funds Allocated for Gavin Newsom’s EV Rebate Within Days—California Governor Hails Clean Energy Bet The company had outlined serving half the U.S. population with its autonomous vehicles by the end of last year, but then moved to say it was targeting "doubling fleet size every month" and finally to its "current planned growth rate of +10%/week," Black said, referring to AI Chief Ashok Elluswamy's comments during the company's second-quarter earnings call.
Read Also: Ross Gerber Says Tesla's FSD 'Almost' Caused an Accident While Passing Emergency Vehicles: 'Still Has Major Issues' The investor then said that Tesla would need to slow down, "given the damage even one headline would cause if a Tesla operated by FSD hit someone," but added that the stock continues to "underperform because investors are losing faith that FSD will ever be able to scale from its current roster of 90-100 unsupervised autonomous vehicles," he said.
