Marketdash

Gas Prices Are Soaring in California. Ross Gerber Says It's Time to Buy an EV.

MarketDash
Gas Prices Near $4 At Chevron In Chandler
Investment CEO Ross Gerber argues that California's painful gas price spike is a problem drivers can avoid by switching to an electric vehicle, suggesting Rivian and Kia as alternatives to Tesla.

Get Tesla Alerts

Weekly insights + SMS alerts

Here's a simple idea: if you're tired of paying for gas, stop buying gas. That's essentially the argument from Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber, who says California's latest spike in gasoline prices should be the final push drivers need to switch to electric vehicles.

In a post on X, Gerber framed EV ownership as a straightforward way to sidestep fuel spending, saying this is an opportune moment to buy if drivers still feel locked into paying at the pump. In the same post, he said he would steer buyers who do not want a Tesla toward Rivian or Kia.

Why Rising Gas Prices Demand Electric Solutions

Gerber's comment was posted alongside a Los Angeles Times item about California being hit harder than other states as gas prices climb. His takeaway was that the financial squeeze is largely optional for households that can make an EV work.

That consumer math is only part of the EV pitch, though, because the ownership experience is also shaped by software and driver-assist reliability. Last month, Gerber described using Tesla's FSD version 14.2.2.4 around West Los Angeles, including a drive through busy streets near Westwood during an Iranian protest.

He said the ride went smoothly in that area, but the trip home exposed a different problem: the system struggled when the car headed into direct sunlight. Gerber argued the issue is rooted in hardware, contrasting it with how human drivers cope by using sunglasses, visors, or even a hand to block glare.

Get Tesla Alerts

Weekly insights + SMS (optional)

Gerber's Dire Tesla Forecast and Market Dynamics

This perspective on the challenges of electric vehicle adoption comes as Ross Gerber, previously a strong supporter of Tesla, has recently expressed concerns about the company's trajectory, predicting a potential 50% plummet in Tesla's stock price this year. He has cited the company's dwindling popularity and a significant offloading of around $60 million in Tesla shares as indicators of his skepticism.

Gerber's apprehensions are further fueled by doubts regarding Elon Musk's ambitious autonomous taxi network plans and the reliance on cameras over LIDAR for Tesla's self-driving technology. These factors illustrate the growing competitive pressures that Tesla faces, particularly from manufacturers like BYD, further complicating the landscape for consumers considering electric vehicles.

Gas Prices Are Soaring in California. Ross Gerber Says It's Time to Buy an EV.

MarketDash
Gas Prices Near $4 At Chevron In Chandler
Investment CEO Ross Gerber argues that California's painful gas price spike is a problem drivers can avoid by switching to an electric vehicle, suggesting Rivian and Kia as alternatives to Tesla.

Get Tesla Alerts

Weekly insights + SMS alerts

Here's a simple idea: if you're tired of paying for gas, stop buying gas. That's essentially the argument from Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber, who says California's latest spike in gasoline prices should be the final push drivers need to switch to electric vehicles.

In a post on X, Gerber framed EV ownership as a straightforward way to sidestep fuel spending, saying this is an opportune moment to buy if drivers still feel locked into paying at the pump. In the same post, he said he would steer buyers who do not want a Tesla toward Rivian or Kia.

Why Rising Gas Prices Demand Electric Solutions

Gerber's comment was posted alongside a Los Angeles Times item about California being hit harder than other states as gas prices climb. His takeaway was that the financial squeeze is largely optional for households that can make an EV work.

That consumer math is only part of the EV pitch, though, because the ownership experience is also shaped by software and driver-assist reliability. Last month, Gerber described using Tesla's FSD version 14.2.2.4 around West Los Angeles, including a drive through busy streets near Westwood during an Iranian protest.

He said the ride went smoothly in that area, but the trip home exposed a different problem: the system struggled when the car headed into direct sunlight. Gerber argued the issue is rooted in hardware, contrasting it with how human drivers cope by using sunglasses, visors, or even a hand to block glare.

Get Tesla Alerts

Weekly insights + SMS (optional)

Gerber's Dire Tesla Forecast and Market Dynamics

This perspective on the challenges of electric vehicle adoption comes as Ross Gerber, previously a strong supporter of Tesla, has recently expressed concerns about the company's trajectory, predicting a potential 50% plummet in Tesla's stock price this year. He has cited the company's dwindling popularity and a significant offloading of around $60 million in Tesla shares as indicators of his skepticism.

Gerber's apprehensions are further fueled by doubts regarding Elon Musk's ambitious autonomous taxi network plans and the reliance on cameras over LIDAR for Tesla's self-driving technology. These factors illustrate the growing competitive pressures that Tesla faces, particularly from manufacturers like BYD, further complicating the landscape for consumers considering electric vehicles.