Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his belief that consumer preference is shifting from hybrids to electric vehicles (EVs). He attributed this shift to the superior performance of Tesla Inc.’s (NASDAQ:TSLA) batteries.
What Happened: On Tuesday, Gerber appeared on CNBC’s “Last Call” and stated, “Consumers are not going to hybrids. They want EVs. They want the best cars on the road. They’re the cheapest, most efficient cars to run overtime, and Tesla’s batteries have been phenomenally performing.” This statement aligns with his well-known bullish stance on Tesla.
"Consumers are not going to hybrids," says @GerberKawasaki. "They want EVs. They want the best cars on the road. They're the cheapest, most efficient cars to run overtime, and @Tesla's batteries have been phenomenally performing." pic.twitter.com/ykT8cOhYVl — Last Call (@LastCallCNBC) March 25, 2024
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