Why One Longtime Tesla Investor Is Selling His Stock

adminAugust 23, 20241 Mins read91 Views

Tesla stock has always been a hot topic, sparking passionate debate among investors and enthusiasts. For now, those opinions are as strong as ever.

On one side, you have people like Alexandra Merz, a retail investor in Tesla, who believes the stock is too undervalued. In a recent podcast, he confidently predicted that Tesla’s stock could reach $5,000 or $10,000 in the long term when more people understand the company’s vision.

But not everyone shares his optimism. Some investors are starting to reconsider their positions, especially as Tesla faces challenges like slowing EV sales and competition from hybrids.

Adding to the uncertainty is Elon Musk‘s vocal support for former President Donald Trump, which has drawn mixed reactions among shareholders.

One of the notable investors expressing concern is Ross Gerber, co-founder, CEO and CIO of Gerber Kawasaki. While Gerber has been a supporter of Tesla for years, he has never shied away from criticizing the company and Musk when he sees a problem. His recent move to sell some of his Tesla shares has attracted the attention of many in the investment community.

Gerber’s decision highlights growing tensions among Tesla investors. On the one hand, there is still strong confidence in the company’s long-term potential. But on the other hand, there is a growing awareness of the obstacles Tesla may face in the near future.

As the debate continues, one thing is clear: Tesla remains a lightning rod for strong opinion, with both bulls and bears passionately defending their views. Only time will tell whether the stock will rise or falter. But right now, investors like Ross Gerber are taking a more cautious approach.