Gary Black Reaffirms Tesla As Industry Leader In EVs And Autonomous Driving, With A Caveat

Investor Gary Black has reaffirmed Tesla’s position as a leader in the electric vehicle (EV) and autonomous driving industries. According to Black, Tesla is well-positioned to capitalize on the growing adoption of EVs and increasing demand for self-driving vehicles.

Tesla’s Current Trajectory

Black shared his thoughts on Tesla’s current trajectory, stating that the company’s more affordable car strategy seems familiar, with price cuts funded by cost cuts and no volume growth. He also noted that the Austin ride-hailing test has asymmetrical risk/return. Despite this, Black remains optimistic about Tesla’s long-term prospects, citing the company’s potential to capitalize on the growing demand for EVs and autonomous driving.

Tesla’s Robotaxi Ambitions

Tesla has been teasing the arrival of its Robotaxi in June, with CEO Elon Musk confirming that there will be at least 10-20 Model Y robotaxis in Austin on launch day. The company has already rolled out its robotaxi in limited runs restricted to employees in cities like Austin and San Francisco, clocking over 15,000 miles and 1,500 trips. Musk has expressed optimism about the brand’s FSD (Full Self-Driving) tech, predicting that manually driven cars will become obsolete in the future.

Challenges Ahead

However, Musk’s robotaxi ambitions are facing hurdles, including the USPTO’s refusal to grant trademarks for the terms “Robotaxi” and “Cybercab.” Despite these challenges, Black remains confident in Tesla’s ability to lead the EV and autonomous driving industries.

Market Impact

TSLA gained 1.12% in pre-market trading, with a current value of $288.02. As the company continues to innovate and push the boundaries of EV and autonomous driving technology, investors will be watching closely to see how Tesla navigates the challenges ahead.

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