Although Tesla Inc.‘s (NASDAQ:TSLA) second-quarter delivery figures massively exceeded Wall Street estimates, the EV giant’s stock sharply declined despite the positive sales milestone and investor Ross Gerber thinks that is the least of Tesla’s problems.



<h2>Ross Gerber Weighs In On TSLA Slip</h2>



In a post on X on Thursday, the investor shared his take on Tesla’s stock decline. “Market had a negative reaction to good Tesla sales numbers,” he said. Gerber then said that gas prices were falling back to pre-war levels, which meant “less demand” for the EV giant.



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Elon Musk Says Tesla's Model S, Model X Line Is Now Building Optimus Robots




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“They make just 3 models and one is the non-selling cybertruck. Cabs are stuck with FSD safety issues,” the investor said in the post.



Notably, Tesla launched the three-row Model Y L trim in the U.S. on Thursday at $61,990. Tesla is also under legal and federal scrutiny as both the National Highway Traffic Safety Administration (NHTSA) and the National Transportation Safety Board (NTSB) announced probes into a fatal accident in Texas involving a Tesla Model 3.



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<blockquote>Market had a negative reaction to good Tesla sales numbers. Gas prices are back to normal, for Tesla that also means less demand moving foreward. They make just 3 models and one is the non-selling cybertruck. Cabs are stuck with FSD safety issues. $TSLA— Ross Gerber (@GerberKawasaki) July 2, 2026</blockquote>
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<h2>Gary Black, Gene Munster Weigh in on Tesla’s Decline</h2>



Investor Gary Black of The Future Fund LLC offered an insight into the EV giant’s stock decline, saying that the company’s FSD technology had a negligible impact on its sales, despite what bullish supporters may think. The investor said that the heightened sales came amid surging gas prices due to the Iran war.



Gene Munster of Deepwater Asset Management also shared his take on the deliveries and the stock decline, saying that the sell-off was triggered by reasons like high gas prices driving demand as well as the end of Musk’s involvement with the Department of Government Efficiency.



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According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum and Quality, but provides a favorable price trend in the short, medium, and long term.



Price Action: Tesla shares were up 0.24% to $394.40 during the after-hours trading session on Thursday



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Read Also:

Gary Black Sees 'Renewed Optimism' for Tesla, Rivian as Q2 Deliveries Loom, Gene Munster Says FSD Is Key




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Check out more of Benzinga’s Future Of Mobility coverage by following this link.



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Despite Tesla's Q2 deliveries beating estimates, its stock declined. Investor Ross Gerber attributes this to falling gas prices reducing EV demand, a limited model lineup, and FSD safety issues. Other analysts note that previous sales surges were driven by high gas prices due to geopolitical conflicts and question the impact of Full Self-Driving technology on sales.

- Tesla Inc.’s second-quarter delivery figures exceed Wall Street estimates, yet the stock declines, indicating broader issues according to investor Ross Gerber.  
- Gerber notes that falling gas prices may lead to reduced demand for Tesla's vehicles, particularly highlighting issues with the Cybertruck and full self-driving (FSD) technologies.  
- Investor insights suggest that Tesla's sales boost linked to high gas prices may not sustain, and the company faces legal scrutiny over safety concerns, adding to uncertainties in its market performance.

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Ross Gerber Says Tesla's Stock Decline Renews Focus on Other Challenges for Elon Musk: 'They Make Just 3 Models'