After Tesla Inc.‘s (NASDAQ:TSLA) recent annual shareholder meeting, critical investor Ross Gerber acknowledged Elon Musk‘s leadership, while analyst Dan Ives predicted a trillion-dollar market cap for the EV maker.
What Happened: “I think it was also like a referendum on his management in his mind … I love to see Elon running Tesla again,” said Gerber, CEO of Gerber Kawasaki Wealth, on CNBC’s Last Call. Gerber emphasized that Tesla needs to focus on demand for their EVs.
Hearing positive comments from Gerber about Elon Musk is noteworthy, as the investor has long criticized Musk’s leadership and questioned the EV maker’s growth story.
Wedbush analyst Dan Ives, who was on the same panel, responded to Gerber’s comments with a hint of optimism. “I’m sensing a little bullishness from the Bear Gerber,” Ives remarked.