Tesla Faces FSD Skepticism as Musk Touts 'Made in America' Strategy

Tesla (TSLA) was in the news again this week as investor Ross Gerber expressed skepticism about the electric vehicle giant's Full Self-Driving (FSD) capabilities. Gerber's doubts were fueled by an investor note from JPMorgan Chase & Co. (JPM), which provided insight into Tesla's self-driving roadmap and a new iteration of the FSD system.

The investment bank's report hinted at possible future models based on the Cybercab platform, which Tesla was prioritizing over expanding its Model Y robotaxi fleet. According to JPMorgan, Tesla is confident in its ability to scale the Cybercab.

Gary Black from The Future Fund LLC issued a warning to overoptimistic Tesla influencers on social media, comparing them to college students doing tequila shots. Elon Musk touted Tesla's 'Made in America' strategy, stating that not only are vehicles assembled in the U.S., but also sourced parts from American suppliers, with 84% of the cars having American content.

Einride AB (ENRD) announced plans to deploy 500 Tesla Semis on its Saga AI platform for Amazon.com Inc. (AMZN), aiming to convert signed contracts into revenue-generating freight capacity. Tesla is also reportedly gearing up to launch its purpose-built Cybercab robotaxi in Austin, Texas, potentially as early as this month.