TSLA - Hyundai Kia Gunning For Tesla With Low-Cost EVs But Ross Gerber Says They Are 'Not As Good' | Benzinga
Hyundai Motor Co (OTC:HYMTF) and Kia Corp (OTC:KIMTF) have been accelerating their electric vehicle (EV) efforts, prompting speculation about their potential to challenge Tesla Inc (NASDAQ:TSLA).
What Happened: On Monday, during a recent episode of CNBC’s Last Call, Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, weighed in on the matter. “These are cheaper vehicles than Tesla, and certainly not as good,” Gerber said. “When I’m watching March Madness, I’m seeing ads for these vehicles, and that will entertain consumers into looking at these vehicles.”
"These are cheaper vehicles than Tesla, and certainly not as good," says @GerberKawasaki on Hyundai and Kia ramping up EV efforts. "When I'm watching March Madness, I'm seeing ads for these vehicles, and that will entertain consumers into looking at these vehicles." pic.twitter.com/l9jUAOLX6F — Last Call (@LastCallCNBC) April 1, 2024
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