Investor Ross Gerber of investment firm Gerber Kawasaki has said that he likes the Elon Musk-led Tesla Inc. (NASDAQ:TSLA) Cybertruck more than his Rivian Automotive Inc. (NASDAQ:RIVN) EV.
Ross Gerber Has a Change of Heart?
In a post on X on Saturday, the investor, who is a vocal proponent of electric vehicles, shared that he admired his Cybertruck, calling it a “controversial” opinion. “I do like my Tesla cybertruck more than my Rivian. Especially how I use it. Great summer vehicle,” the investor said.
He also said that he was looking forward to new models from Rivian, as well as the R2 crossover SUV and the Jeff Bezos-backed Slate Auto‘s customizable EV pickup truck priced at $25,000.
“Should be a good year for EV trucks,” the investor said in the post. Notably, Ford Motor Co. (NYSE:F) was also testing its $30,000 EV pickup truck recently around Phoenix, Arizona.
Tesla’s FSD Still Not Good Enough
However, despite backing the Cybertruck, the investor took a swipe at Tesla’s autonomous driving pursuits, saying that the company’s Full Self-Driving (FSD) technology should be renamed as “pretty good self-driving” or “PGSD.”
The investor’s suggestion, he said, comes because the system drives “pretty good in most situations,” but it was “not good enough to be level 3-4-5…” Gerber had earlier said that the system was still at a level 2 on the autonomous driving scale referred to by the Society of Automotive Engineers (SAE).
Tesla’s AI Chief, Ashok Elluswamy, had said that the system could receive improvements as Tesla was working on natural-language voice commands for precise drop-off locations.
However, the system has been under scrutiny after a fatal crash in Texas involving a Tesla Model 3 resulted in the death of a 76-year-old woman and prompted both the National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) to launch probes.
Benzinga Edge Rankings show Tesla scores well on the Momentum and Growth metrics, while also providing a favorable price trend in the Medium and Long term.
Price Action: Tesla shares were down 0.04% at $407.59 during the trading after-hours session on Friday.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
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