Tesla Investor Ross Gerber Reserves Rivian R1S, Wonders If It Might Come Before His 2019 Cybertruck Order
Portfolio Pulse from Anan Ashraf
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, has ordered a Rivian R1S SUV, jokingly questioning if it will arrive before his long-awaited Cybertruck. Despite his recent criticism of Elon Musk's controversial posts, Gerber remains optimistic about Tesla's future and maintains his Cybertruck reservation. Tesla is still the largest position in Gerber Kawasaki's portfolio, with shares worth around $100 million.
December 08, 2023 | 10:32 am
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POSITIVE IMPACT
Ross Gerber has placed an order for a Rivian R1S SUV, indicating interest in the brand, which could be seen as a positive endorsement for Rivian.
Gerber's order of a Rivian vehicle and his public profile might have a positive impact on Rivian's brand perception and could potentially influence investor sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Ross Gerber, a notable investor in Tesla, has ordered a Rivian vehicle but remains optimistic about Tesla's future and retains his Cybertruck order. Tesla is still the largest holding in his firm's portfolio.
Gerber's individual vehicle purchase decision is unlikely to significantly impact Tesla's stock price in the short term, but his continued support and the firm's large position in Tesla could be seen as a positive signal by the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70