Ross Gerber Happy With Tesla Stock's Winning Streak — Elon Musk's 'Focus Makes Such A Huge Difference In The Results'

Ross Gerber, President and CEO of Gerber Kawasaki Inc., reportedly said he is happy with Tesla Inc TSLA stock's winning streak in recent times and noted that Elon Musk's focus on the EV-maker made a huge difference.

"Just to be clear, you know, I didn’t want any change in Tesla’s management. I want a change in Twitter’s management, which is what we got. And by getting Elon back at Tesla and all the moves they’ve made just in the 30 days since Elon’s really been refocused on Tesla with signing up the entire world to the Tesla charging infrastructure, for example, and having very, very positive meetings in China, we just have seen full fledge how Elon’s focus makes such a huge difference in the results," Gerber told Yahoo Finance.

Also Read: Everything You Need to Know About Tesla Stock

Shares of Tesla have gained over 53% in the last month and are up over 136% since the beginning of the year. Gerber pointed out institutional investors have come back into Tesla stock and said it is back to the valuation it deserves.

Responding to a question on whether he is happy with how Tesla is run now, Gerber said he is thrilled and feels a lot more confident about the succession plan and management. "The changes in the board with JB Straubel, I was very much for. So I am happy to have JB and Tom Zhu on the board, which really represent operational, you know, players for Tesla," he said according to the report.

On Cybertruck: Gerber also observed that with Tesla's Cybertruck launch imminent and the worst appearing to be over for the economy, one has to be very bullish on EV-makers like Tesla going into 2024.

"We’re now at the beginning of, can they make these and scale? And how much pain will they go through making these in scale? And we’ll see in the next, probably, three to six months how successful they’ll be at scaling Cybertruck production," he said.

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