Investor Ross Gerber, co-founder of investment firm Gerber Kawasaki, has made a prediction that Tesla Inc. will be a division of X in the future.
Another Division Of X
In a recent social media post, Gerber weighed in on reports that the ‘X’ ticker symbol has been made available following the acquisition of United States Steel Corporation by Nippon Steel. Gerber stated that the X symbol has been taken by someone for the NYSE and soon, Tesla will just be “another division of X.”
The Stars Have Aligned
Gerber also shared that both Tesla and SpaceX could merge in a “1-1 share deal” due to similar valuations of the two Elon Musk-led enterprises. Tesla is currently valued at around $1.5 trillion, while the new SpaceX-xAI entity is reportedly valued at close to $1.25 trillion. Gerber noted that “this is one big public company… the stars/planets have aligned.”
Merger Speculation
However, a merger between SpaceX and Tesla isn’t universally accepted, with investor Gary Black of the Future Fund LLC questioning the benefit of such a merger for Tesla shareholders amid stock dilution concerns.
Anthony Pompliano Bullish On Tesla
Meanwhile, investor and entrepreneur Anthony Pompliano has shared that he recently purchased over $1 million worth of Tesla shares, citing Tesla’s robotics and AI advancements, as well as self-driving pursuits, among the reasons for his decision.
Market Outlook
Tesla scores well on the Momentum and Quality metrics and offers a favorable price trend in the Long Term. The company’s stock price jumped 0.36% to $407.45 during after-hours trading on Wednesday after it dropped 3.78% to $406.01 at market close.
Key Takeaways
- Ross Gerber predicts Tesla will become a division of X
- SpaceX and Tesla may merge in a “1-1 share deal”
- Anthony Pompliano invests $1 million in Tesla shares
- Tesla’s stock price shows favorable trend in the Long Term