Tesla Elon Musk News: Tesla remains the supreme ruler of EV and autonomous technology, Wall Street Bull Gary Black says, but warns Elon Musk to overcome a big obstacle first

Investment adviser Gary Black is bullish on Tesla’s long-term outlook, citing automakers’ leadership in expanding their electric vehicle (EV) and autonomous driving sectors, a report said.

Gary Black still believes in Tesla’s long game

In response to an inquiry about Tesla’s current roads on social media platform X (formerly Twitter), Black mentioned that the company’s move towards cheaper electric vehicles appears to be a duplication of strategy for 2023 and 2024, when it cuts fees but has no growth, but no growth.
“TSLA’s more affordable automotive strategy seems to be the Deja Vu 2023-2024 – price cuts, with no volume growth by lowering costs,” Black said, as Tesla offers cheaper versions of its model in the United States. Black also mentioned that according to Bensinga, Austin’s robots released “Asymmetric Risk/Reward” in June.
Despite these short-term concerns, Black is confident about Tesla’s future, as he put it: “Long-term we love the story of $TSLA,” Benzinga quotes Benzinga. He also stressed that “With the adoption of autonomy and the increased demand for autonomy, $TSLA remains the best position for those who take advantage of these two megatrends.”

Tesla CEO Elon Musk has confirmed that the company will launch its Robotaxi service in June, starting with 10 to 20 automatic model Y-type vehicles in Austin. According to the report, the service has been tested with city employees in the small pilot program. Tesla said its test fleet has covered more than 15,000 miles and 1,500 automatic trips, according to Bensinga.

Trademark trouble

Musk is optimistic about Tesla’s complete autonomous driving technology and always says that, according to the report, cars traditionally driven will eventually become obsolete in the future.
But Musk’s Robotaxi plan faces challenges as Bensinga reports, as the U.S. Patent and Trademark Office denies “Robotaxi” or even “Cybercab” awarded to the company’s trademarks.

FAQ

Why is Gary Black still optimistic about Tesla?
He believes Tesla is best to lead in two major growth areas, namely electric vehicles and autonomous driving.

What concern does he have about Tesla’s pricing strategy?
Black saw Tesla repeat its approach to lowering prices in 2023-2024 without having to get sales.