Baronvonrort wrote on Mar 13
th, 2025 at 9:27pm:
Bobby. wrote on Mar 12
th, 2025 at 11:40pm:
Tesla shares will do OK
$240.68
-$7.41
(-2.99%)At close: Mar 14 4:00 PM EDT
"TSLA will likely underperform the market over the next 12 months."He called Tesla's stock crash. Now he thinks it'll fall even more.Shares of Tesla have crashed 48% since peaking in mid-December, but the stock still isn't cheap enough for the company's longtime investor Ross Gerber to buy back in.
Gerber — who's been a Tesla investor for years, having loaded up on the stock before it boomed — told Business Insider last month that he expected a drop of as much as 50% in the stock this year as CEO Elon Musk focused on other endeavors, including DOGE, SpaceX, xAI, and X.
His prediction proved prescient. While Tesla shares were already in a downslide before the interview, they've continued to fall. As of Wednesday's close, the stock had tumbled another 31% since his late-February comments.
Now Gerber is doubling down. In a new interview, he told BI that he didn't see a clear path for it to rebound this year, even after recent losses.
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