Investor Ross Gerber thinks Tesla Inc. (NASDAQ:TSLA) investors have reason to be excited by the upcoming Space Exploration Technologies Corp. (NASDAQ:SPCX) earnings call scheduled to take place following market close on Tuesday.
Tesla Investors Get Elon Twice a Quarter
Gerber took to X on Monday, saying that he was sure that investors of the EV giant were “excited for the spaceX earnings call” as they would “get Elon twice a quarter now.” Gerber then concluded his post by saying that “abundance” was “around the corner.”
The investor had earlier suggested that Tesla could sell off its robots and AI businesses to SpaceX and focus solely on electric vehicles, which still remains a major source of revenue for the company. His comments came as reports emerged of Tesla mulling a sale of its Chinese arm to pave the way for a merger with SpaceX, which CEO Elon Musk has denied.
Gerber also criticized Tesla’s Full Self-Driving (FSD) system, sharing that the technology “almost” caused an accident twice during the same ride after his Tesla vehicle abruptly braked when an emergency vehicle was passing it by with its sirens turned on.
Elon Musk Sees SPCX Opportunity
While investors wait for SpaceX’s earnings, the commercial space flight company’s stock has declined sharply and is trading well below its IPO price of $135/share. SpaceX’s stock declined approximately 52% from its lifetime high of $225/share, prompting wealth manager Charlie Bilello to comment that the company was in for a “reality check.”
However, Musk is confident about a rebound for SpaceX. On Monday, user @gfilche posted a screenshot of SpaceX’s stock movement since its IPO. The user called it an “insane opportunity” for people to buy the stock. Musk, responding to the user, agreed with his take. “I think so,” the billionaire said in his post.
Price Action: SpaceX shares surged 1.11% to $115.80 during overnight trading on Monday. At market close, SPCX was trading at $114.53 per share.
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