Elon Musk's Rivian Scepticism Aside, Tesla-Investor Praises R1S Off-Road SUV: 'It's A Great Vehicle'
Portfolio Pulse from Benzinga Neuro
Ross Gerber, a prominent Tesla investor, praised Rivian's R1S SUV on social media, highlighting a 77% surge in sales in California. Despite Elon Musk's skepticism, Gerber remains optimistic about Rivian's future.
July 19, 2024 | 2:27 am
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NEUTRAL IMPACT
Ross Gerber, a prominent Tesla investor, praised Rivian's R1S SUV, which may indicate a positive outlook for the EV market despite Elon Musk's skepticism.
Gerber's praise for a rival EV company suggests confidence in the overall EV market, which could be neutral to slightly positive for Tesla.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ross Gerber praised Rivian's R1S SUV, highlighting a 77% sales surge in California. Despite a recent stock decline, this positive sentiment could boost investor confidence.
Gerber's positive comments and the significant sales increase in California could improve investor sentiment and potentially lead to a short-term stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90