Ross Gerber Says Elon Musk Should Buy Tesla Stock 'Like Rest Of Us' If He Wants 25% Voting Rights
Portfolio Pulse from Anan Ashraf
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management and a Tesla investor, commented on Elon Musk's desire for a 25% voting stake in Tesla. Gerber suggests Musk should buy Tesla stock with his own money to increase his stake, rather than expecting shareholders to grant it. He criticized Musk's focus, stating that as CEO, Musk should concentrate on transforming Tesla into an AI/robotics company. Musk currently holds a 13% stake in Tesla, and the company's shares closed up 0.5% at $219.91 on Tuesday.
January 17, 2024 | 11:32 am
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NEUTRAL IMPACT
Ross Gerber's comments on Elon Musk's quest for a 25% voting stake in Tesla and his criticism of Musk's focus as CEO may create uncertainty among investors, potentially affecting Tesla's stock price.
Gerber's opinion as a notable investor may influence market sentiment, but since it doesn't reflect a change in company fundamentals or market conditions, the impact on Tesla's stock price is likely to be neutral in the short term. However, the discussion about Musk's control and focus could lead to some investor uncertainty.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80