Ross Gerber bets against Tesla, sees opportunity in these 5 stocks.
Tesla's Stock Plummets After Elon Musk's Tweet, But One Investor Isn't Worried
Tesla's stock took a hit this week after Elon Musk's tweet about the company's financial struggles, but one investor is not concerned. Ross Gerber, the founder of Gerber Kawasaki, a wealth management firm, believes that the electric car maker's stock will rebound in the long run.
Gerber, who has been a long-time supporter of Tesla, told Business Insider that he is still bullish on the company's future. He cited the company's strong brand and its ability to innovate as reasons why he is not worried about the current downturn.
"I think Tesla is a great company with a lot of potential," Gerber said. "I think the stock will come back around eventually."
Gerber also recommended investing in other companies that are likely to do well in the future, such as Nvidia and Meta. He believes that these companies have strong growth potential and are likely to continue to do well in the long run.
"I think Nvidia and Meta are both great companies with a lot of potential," Gerber said. "I think they are both likely to continue to do well in the future."
Gerber also recommended investing in bitcoin, which he believes has strong potential for growth. He cited the cryptocurrency's limited supply and increasing adoption as reasons why he is bullish on its future.
"I think bitcoin is a great investment opportunity," Gerber said. "I think it has a lot of potential for growth and is likely to continue to do well in the future."
Gerber also recommended buying gold, which he believes is a safe haven investment. He cited the precious metal's limited supply and increasing demand as reasons why he is bullish on its future.
"I think gold is a great safe haven investment," Gerber said. "I think it is likely to continue to do well in the future."
In conclusion, Ross Gerber believes that Tesla's stock will rebound in the long run and that other companies like Nvidia, Meta, and bitcoin have strong potential for growth. He also recommends buying gold as a safe haven investment.