<div id="readability-page-1"><div><div><p><strong>Gerber Kawasaki</strong>'s co-founder <strong>Ross Gerber</strong> has dismissed the launch of an affordable <strong>Tesla Inc.</strong> (NASDAQ:TSLA) Model Y trim level as speculation takes over ahead of the October 7 event.</p><p><em>Check out the price of TSLA</em><em> </em><em>here</em><em>.</em></p><h2>‘It's Really Sad,&#34; Says Ross Gerber</h2><p>Taking to the social media platform X on Monday, Gerber shared his thoughts in a post following a teaser released by Elon Musk's company. &#34;Please not another model Y thats less good for less money. It’s really sad,&#34; Gerber said, expressing his disappointment with the update.</p><h2>Gary Black's Model Y Criticism, Ross Gerber Warns Of A Difficult Tesla Q4</h2><p>The comments follow similar lines shared by investors, including <strong>Future Fund LLC</strong>'s managing director, <strong>Gary Black</strong>, who criticized the decision, saying that a new affordable Model Y does not offer a chance for Tesla to increase its brand leverage or expand TAM (Total Addressable Market) via a new form factor.</p><p>Meanwhile, Gerber has warned that Tesla could face a difficult Q4 despite the EV giant's third-quarter deliveries exceeding Wall Street and analyst estimates, as the company delivered more than 497k units during Q3.</p><p>Tesla scores well on Momentum and Growth metrics, while offering satisfactory Quality, but poor Value. Tesla also offers a favorable price trend in the Short, Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga's Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Tesla Showcases Optimus Bot At Disney's ‘Tron: ARES' Premiere As Jared Leto Tries To ‘Fight' A Robot</li> </ul><p><em>Photo courtesy: Shutterstock</em></p></div></div></div>

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<p>Ross Gerber, co-founder of Gerber Kawasaki, criticized the speculation surrounding an affordable Tesla Model Y ahead of the October 7 event, stating, "It's really sad". He expressed disappointment over the potential launch of a lower-quality model. Gerber, along with investor Gary Black, warned that this move may not enhance Tesla's brand leverage or expand its market. Despite strong Q3 deliveries exceeding expectations, Gerber cautioned of a challenging Q4 for Tesla.</p>

- Ross Gerber, co-founder of Gerber Kawasaki, criticized the launch of a more affordable Tesla Model Y, expressing disappointment on social media.  
- He echoed concerns from other investors, like Gary Black, who believe this move won't enhance Tesla's brand leverage or expand its market.  
- Despite exceeding delivery estimates in Q3, Gerber warned of potential challenges for Tesla in Q4.

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Ross Gerber Decries Affordable Tesla Model Y Talks Amid October 7 Speculation: 'It's Really Sad'