Tesla Investor Ross Gerber Worries CEO Musk's 'Extreme' Behavior Could Hit Sales And Drive Consumers To Other EVs: 'Can't Diminish Effect Of Damage That He Has Caused'
Portfolio Pulse from Anan Ashraf
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, expressed concerns about the potential negative impact of Elon Musk's 'extreme' behavior on Tesla's sales. Gerber believes that while some consumers will continue to buy Tesla for its value, others may be deterred by Musk's actions and opt for other EV brands. Despite this, Gerber remains bullish on Tesla in the long term. A recent study suggests that Musk's behavior has little to no impact on many consumers' decisions to buy Tesla vehicles, with some even more inclined to purchase due to Musk.
December 29, 2023 | 1:01 pm
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NEGATIVE IMPACT
Ross Gerber's concerns about Elon Musk's behavior potentially affecting Tesla's sales could create negative sentiment among investors, possibly impacting the stock price in the short term.
Ross Gerber's comments as a prominent investor and Tesla bull could influence other investors' perceptions, leading to potential short-term stock volatility. However, the recent study indicating mixed consumer reactions to Musk's behavior suggests that the long-term impact on sales—and by extension, the stock price—may be limited. The confidence score reflects the uncertainty of consumer and investor reactions to Musk's behavior.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80