In today’s article, we explore the investor of Tesla stock, Ross Gerber, and his bullish outlook on the future of Elon Musk’s EV company. Ross Gerber is the cofounder and CEO of Gerber Kawasaki Wealth and Investment Management and currently holds $74 million in Tesla stock based on the current stock price. He recently campaigned for a board seat at Elon Musk’s company.
In our conversation, Gerber told us that Musk had his ‘mojo’ back at this week’s annual shareholder meeting. He was energetic and enthusiastic and came out swinging with a plan for a $25,000 car, Cybertruck, and self-driving. He then followed it up with a successful media interview.
Gerber also noted that he has gone from a hold and somewhat bearish to a buy and somewhat bullish. The only thing that is preventing him from being outright bullish is the current state of the economy. To progress further, Gerber believes Tesla could benefit from improving their customer service and quality.
He also mentioned the recent appointment of a new CEO of Twitter as having a positive impact on his investment view for the stock.
On the topic of Tesla, Ross Gerber is a prominent investor due to his $74 million stock ownership as well as his efforts advocating for a board seat at Elon Musk’s company. He continues to be bullish on the future of the company and believes that if they focus on improving their customer service and quality, they can reach new levels.
In other markets news, Ray Dalio warned that repeatedly raising the debt ceiling may lead to financial collapse. A whistleblower said the Church of Jesus Christ of Latter-day Saints has a $100 billion portfolio, with over $46 billion of that in stocks. The investment chief overseeing another $100 billion warned the stock rally isn’t painting the whole picture of what’s happening. Warren Buffett’s Berkshire Hathaway just sold its entire RH stock position and Taylor Swift demonstrated her financial acumen by avoiding a deal with failed crypto exchange FTX.
Michael Burry made investments in ailing bank stocks, Steve Cohen told investors to focus less on recession odds and more on AI opportunities, and the top large-cap fund manager listed his thirteen favorite stocks. Lastly, Sam Reid discussed his strategy when it came to picking winners in the credit market.
Overall, it was an active week in the markets and the topics of discussion were varied. While keeping up with the news can be difficult, it is important to prioritize understanding the basics of investing. Paying close attention to the moves of prominent investors such as Ross Gerber and understanding the fundamentals and basics of the markets is essential.
