Investor Ross Gerber of Gerber Kawasaki has reiterated his demand that Tesla issue refunds to customers who have opted for the Full Self-Driving (FSD) package. Gerber claims that the system has failed to deliver on its promises, and Tesla owes its customers the money they paid for the technology.
Make Customers Whole
Gerber took to social media to express his concerns, stating “A promise is a promise.” He noted that several customers have paid multiple times for FSD on different Tesla vehicles, but the system has never worked as promised. Gerber urged Tesla to “make people whole” and provide refunds to affected customers.
$10,000 Refunds and Robotaxi Expansion
Gerber had previously suggested that Tesla should refund $10,000 to customers if the company’s FSD update did not make Unsupervised FSD possible. He also slammed Tesla’s Robotaxi expansion, calling it a distraction from the company’s upcoming earnings call, which he predicted would be below average.
Other Investors Weigh In
Investor Gary Black of The Future Fund LLC also expressed concerns about Tesla’s progress in the self-driving sector. Black predicted that human drivers on ride-hailing platforms would become obsolete within the next 5 years and noted that he disagreed with Tesla bulls’ belief that the company would solve autonomy on its own.
Tesla’s Earnings Call
Tesla is set to hold its first-quarter 2026 earnings call, with investors eager to see the development and progress of the company’s Optimus V3 robot and FSD system. In its previous quarterly report, Tesla reported revenue of $24.9 billion and earnings of 50 cents per share, beating analyst consensus.
Sales Performance
Tesla’s first-quarter sales were down, with the company selling 358,023 units during the quarter, while producing over 408,386 units. The 50,363 gap is the largest deficit in the automaker’s history.
Price Action
Tesla’s stock price declined 2.03% to $392.50 at market close on Monday, but surged 0.26% to $393.51 during the overnight trading session.
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