Elon Musk Critique Ross Gerber Calls Tesla Short Sellers 'Stupid' — Dan Ives Asks If Bulls Camp Is Ready To Welcome Back The 'Former Bear'

Loading...
Loading...

Ross Gerber, who was once a vocal critic of Elon Musk and Tesla Inc. TSLA, has now shifted his stance.

What Happened: Gerber, the CEO of Gerber Kawasaki Wealth, recently appeared on CNBC’s Last Call and expressed his bullish views on Tesla. He criticized short sellers for their “stupid” decisions and emphasized the long-term potential of Tesla.

This marks a significant change in Gerber’s position, considering his past criticism of Musk’s leadership and Tesla’s first-quarter performance.

Wedbush Securities analyst Dan Ives also acknowledged this shift, writing, “Nice to see the former bear” Gerber “changing teams and coming back” to the bull Tesla camp. Ives also questioned if the bulls welcome Gerber back or not.

See Also: Tesla’s 9-Day Winning Streak In Question As Nvidia, Apple, Microsoft, And Other Mag 7 Stocks Rise, Forecasts Gary Black

Why It Matters: Gerber’s return to a bullish stance on Tesla comes after a series of critical remarks about Musk and the company’s performance. In April, Gerber blamed Musk’s “toxic” behavior for Tesla’s poor first-quarter sales, calling for a board overhaul. He stated, “Basically Tesla can't sell its cars due to Elon's behavior.”

In June, Gerber acknowledged Musk’s leadership at Tesla’s annual shareholder meeting, saying, “I love to see Elon running Tesla again,” while Ives predicted a trillion-dollar market cap for the EV maker.

Additionally, Gerber had previously criticized Musk’s decision to redirect Nvidia chips meant for Tesla to X and xAI, calling it “weird.” Musk defended his decision, explaining the logistical challenges involved.

Price Action: Tesla Inc closed at $262.33 on Tuesday, marking a gain of 3.71%. After-hours trading saw the stock rise further to 0.55%. Year to date, Tesla’s stock has risen by 5.60%, according to data from Benzinga Pro.

Read Next:

Image Via Shutterstock

This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: NewsMarketsAnalyst RatingsDan Iveselectric vehiclesElon MuskEVsExpert IdeasKaustubh BagalkotemobilityRoss Gerber
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...