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2021-11-17

Tesla is 'the king' of EV transition: Ross Gerber

Tesla (TSLA) shares' recent correction is a buying opportunity for investors bullish on the electric

Tesla is 'the king' of EV transition: Ross Gerber

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The stock was under pressure last week and on Monday. Investors have been buying the dip though. Shares rose into green territory on Tuesday and were set to open higher on Wednesday in pre-market.\n\"They're [Tesla] about to have an amazing run in 2022,\" says Gerber.\n\"The tipping point for EVs has happened. We've seen it with the Rivian (RIVN) IPO; we've seen it with Lucid's (LCID) now delivering cars and how the stock has done,\" he said.\n\"When you look at what Tesla's done is, they've advanced sustainable transportation — which is their mission,\" said Gerber. \"When you look at the demand for electric vehicles while oil prices have soared ... you have a solution for inflation. It's an EV.\"\nTeslahit $1 trillion in valuation for the first time everon October 25. 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