Tesla Investor Gerber: Automaker's Self-Driving Push 'Doesn't Work'

BloombergWednesday, October 22, 2025 at 10:31:11 PM
Tesla Investor Gerber: Automaker's Self-Driving Push 'Doesn't Work'
Ross Gerber, CEO of Gerber Kawasaki, expressed his skepticism about Tesla's self-driving technology during a Bloomberg Businessweek Daily interview. He believes the feature 'doesn't work' and criticized CEO Elon Musk for not understanding human behavior. Gerber has reduced his Tesla stock holdings, reflecting his concerns about the company's direction, especially as it competes with services like Waymo. This matters because it highlights growing doubts among investors about Tesla's ambitious plans and the challenges it faces in the autonomous vehicle market.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
India's Russian Oil Flows Said to Plunge after US Sanctions | Insight with Haslinda Amin 10/23/2025
NegativeFinancial Markets
India's oil imports from Russia are expected to decline significantly following new sanctions imposed by the United States. This development is crucial as it could impact India's energy security and its economic ties with Russia, which have been strengthening in recent years. The sanctions reflect ongoing geopolitical tensions and may lead to shifts in global oil markets, affecting prices and availability for consumers.
Gitau: DeepSeek’s Simplicity Optimal for Africa
PositiveFinancial Markets
Shikoh Gitau, CEO of Qhala, recently discussed with Bloomberg the growing trend of African startups opting for affordable open-source AI models like DeepSeek, particularly as Chinese firms such as Huawei actively engage with innovation hubs across the continent. This shift towards accessible large language models is significant as it empowers local businesses and fosters innovation, making advanced technology more reachable for many in Africa.
Tesla Supplier STMicroelectronics Expects Lower Annual Sales Amid Slow Recovery in Chip Demand
NegativeFinancial Markets
STMicroelectronics, a key supplier for Tesla, has announced that it expects lower annual sales due to a slower-than-expected recovery in semiconductor demand. This is significant as it highlights ongoing challenges in the chip market, which is crucial for the automotive and industrial sectors. The delay in recovery could impact production timelines and overall market stability, affecting not just Tesla but the broader industry.
Tesla: Mizuho hikes target, keeps Outperform with focus on AI amid softer EV sales
NeutralFinancial Markets
Mizuho has raised its target for Tesla while maintaining an 'Outperform' rating, highlighting the company's focus on artificial intelligence despite a recent dip in electric vehicle sales. This is significant as it reflects investor confidence in Tesla's long-term strategy and innovation potential, even in a challenging market.
Yale Law School's Roach on China's Economy
NeutralFinancial Markets
Stephen Roach, a Senior Fellow at Yale Law School, shares insights on the future of China's economy during a conversation with Stephen Engle at the Bund Summit in Shanghai. This discussion is significant as it sheds light on the economic challenges and opportunities facing one of the world's largest economies, which can impact global markets and trade.
Oil Surges As Trump Steps Up Pressure on Russia | The Asia Trade, 10/23/25
PositiveFinancial Markets
Oil prices are experiencing a surge as former President Trump intensifies his pressure on Russia, signaling potential shifts in global energy dynamics. This development is crucial as it could impact not only oil markets but also international relations and economic stability. Traders and investors are keenly watching these changes, as they could lead to significant fluctuations in energy prices and influence market strategies across Asia.
India’s Russian oil imports set to drop to near zero after US curbs - Bloomberg
NegativeFinancial Markets
India's imports of Russian oil are expected to plummet to nearly zero due to new restrictions imposed by the United States. This significant shift in India's energy sourcing is crucial as it highlights the geopolitical tensions surrounding energy supplies and the impact of international sanctions. The reduction in Russian oil imports could lead to increased energy costs for India and affect its energy security, making it a critical development for both the Indian economy and global oil markets.
China EV stocks fall after Tesla Q3 earnings underwhelm
NegativeFinancial Markets
China's electric vehicle stocks have taken a hit following Tesla's disappointing Q3 earnings report. Investors were hoping for stronger results, but Tesla's performance fell short of expectations, leading to a decline in confidence across the EV sector. This matters because it highlights the interconnectedness of global markets, especially in the rapidly evolving electric vehicle industry, where Tesla's performance can significantly influence other companies.
Latest from Financial Markets
Beiersdorf lowers sales outlook as Nivea brand struggles
NegativeFinancial Markets
Beiersdorf has recently adjusted its sales outlook downward due to challenges faced by its Nivea brand. This is significant as Nivea is one of the company's flagship products, and its struggles could indicate broader issues in the skincare market. Investors and consumers alike will be watching closely to see how Beiersdorf plans to address these challenges and whether it can regain its footing in a competitive landscape.
MTU Aero Engines beats profit estimates on commercial demand
PositiveFinancial Markets
MTU Aero Engines has exceeded profit expectations, driven by strong commercial demand in the aviation sector. This positive performance highlights the company's resilience and adaptability in a recovering market, showcasing its ability to capitalize on increasing air travel and aircraft production. Such results not only boost investor confidence but also signal a promising outlook for the aerospace industry as a whole.
Dollar Rises as Oil Prices Rally, Yen Falls
PositiveFinancial Markets
The dollar has strengthened as oil prices surged following the U.S. sanctions on Russian companies, signaling a robust response to geopolitical tensions. This development is significant as it reflects the U.S. economy's resilience and could influence global markets. Meanwhile, the yen has weakened as investors anticipate more relaxed fiscal and monetary policies in Japan, which could lead to further shifts in currency dynamics.
Sodexo forecasts slower revenue growth in 2026 on US challenges
NegativeFinancial Markets
Sodexo has announced that it expects slower revenue growth in 2026, primarily due to challenges in the US market. This forecast raises concerns about the company's ability to maintain its growth trajectory amidst increasing competition and economic pressures. Investors and stakeholders will be closely monitoring how Sodexo navigates these challenges and what strategies it will implement to adapt to the changing landscape.
Heineken lays out plan to grow beer sales, cut costs
PositiveFinancial Markets
Heineken has unveiled an ambitious plan aimed at boosting its beer sales while simultaneously cutting costs. This strategy is significant as it reflects the company's commitment to adapting to market demands and enhancing profitability. By focusing on efficiency and growth, Heineken is positioning itself to better compete in the global beverage market, which is crucial for its long-term success.
Huhtamaki reports in-line Q3 results as flexible packaging offsets US weakness
PositiveFinancial Markets
Huhtamaki has reported solid Q3 results, showcasing resilience in its flexible packaging segment, which has successfully offset weaknesses in the US market. This is significant as it highlights the company's ability to adapt and thrive despite regional challenges, indicating strong demand for its products and a positive outlook for future growth.