Once a top musk supporter, now warns Tesla stocks to face significant pain in 2025 – Tesla (NASDAQ: TSLA)

Gerber Kawasaki Wealth and Investment Management CEO Ross Gerber, Tesla Inc TSLA Shareholders expect the stock price to fall by 50% this year.

what happened: Gerber earlier cashed in about $60 million worth of Tesla stock, citing the company’s decline in popularity.

Despite a brief surge after the 2024 election, Tesla’s stock price has fallen 16% this year, down 4% since Gerber’s speech in December.

In a conversation with insiders, Gerber details four reasons behind his pessimistic predictions about Tesla. He is right Elon MuskThe ambitious goal is to launch an autonomous taxi network in Austin, Texas in June.

“All of this stuff will be inhabited this year because he puts this deadline for the deadline to complete self-driving within a few months. It seems almost impossible to happen,” Gerber told the media.

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He also expressed concerns about Tesla’s self-driving platform, which depends on the camera rather than the laser sensor.

Gerber also said Musk’s emphasis on AI may be harmful to Tesla. He suggested Tesla’s main car sales business is slowing down due to growing competition from Byd, the world’s largest electric car manufacturer in China.

“His 100% focus on AI, which actually hurts Tesla much more than it does to fuel XAI and all other businesses because he is no longer working at Tesla,” Gerber said. “If he put it All the time is full of autonomous driving, and I will be more confident in Tesla.”

He also highlighted a potential rebound in Tesla due to Musk’s close ties to President Donald Trump.

“What does this is to cause this anger. I’ve never seen this anger at Tesla, but it’s not anger at Tesla as a company, but because of Elon, which is what people take it out The only way to do it.” Gerber added.

Gerber’s bearish view echoes several prominent Wall Street companies, including JPMorgan Chase, which set a $135 target for Tesla stock, indicating that its current level is 60% low.

Why it matters: Gerber’s forecast comes at a time when Tesla’s stock performance is under scrutiny. The company’s stock has been on a downward trajectory this year, with Gerber’s comments exacerbating growing concerns about Tesla’s future prospects.

As Musk’s connection to President Trump highlights the challenges Tesla may face in the coming years, he is concerned about Tesla’s autonomous driving platform and potentially strong opposition.

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