Tesla Faces FSD Skepticism as Musk Touts 'Made in America' Strategy
Tesla (NASDAQ:TSLA) made headlines this week as investor Ross Gerber expressed skepticism about the electric vehicle giant's Full Self-Driving (FSD) capabilities. In a note, JPMorgan Chase & Co. (NYSE:JPM) provided insight into Tesla's self-driving roadmap and a new iteration of FSD, fueling Gerber's doubts.
Gerber's concerns centered around the existing HW4 chip, which he believes is insufficient for unsupervised FSD. This skepticism comes as Elon Musk touted Tesla's high American content, stating that 84% of its vehicles are assembled in the U.S. and sourced from American suppliers.
Musk's 'Made in America' strategy was highlighted amidst President Donald Trump's tariffs affecting the auto industry. Meanwhile, Einride AB (NASDAQ:ENRD) announced plans to deploy 500 Tesla Semis on its Saga AI platform for Amazon.com Inc. (NASDAQ:AMZN) and other customers.
Tesla is also gearing up to launch its purpose-built Cybercab robotaxi in Austin, Texas, potentially as early as this month. The move aims to expand the company's Robotaxi network and compete against Alphabet Inc.'s Waymo.