- Investor Ross Gerber claims Tesla is “worthless” without a merger with SpaceX, a deal he sees as inevitable.
- Gerber criticizes that Tesla doesn’t own the core AI intellectual property for its self-driving and robotics products, which was built using its resources but now resides at xAI.
- While bullish on SpaceX, Gerber urges caution for investors, advising a gradual approach due to upcoming lockup expirations.
- Retail trader sentiment on Tesla turned neutral as message volume spiked, with a majority expecting a merger within five years.
- SpaceX shares surged 20% in their second trading session, adding $420 billion in market value and pushing its valuation above $2.5 trillion.
Shares of Tesla, Inc. slid over 1% late Monday as investor Ross Gerber delivered a stark warning in an interview with Bloomberg. He claimed the EV maker is “worthless” without a merger with SpaceX, while retail traders increasingly bet the two Elon Musk companies will combine.
Gerber stated a merger is a “foregone conclusion,” driving Tesla‘s valuation as investors seek SpaceX exposure. Consequently, his firm holds a 0.03% stake in Tesla valued at over $90 million, according to Koyfin data.
His core concern involves AI, where Tesla resources helped build xAI technology now owned outside the automaker. “They took Tesla’s chips and Tesla’s engineers and built XAI. That’s super wrong,” Gerber said.
He further argued that Tesla does not own the “brains” behind its full self-driving and robotics ambitions. Gerber concluded, “Tesla, in my mind, is worthless if it doesn’t merge because it doesn’t own the IP to the brains, to their own products.”
Despite his bullish long-term outlook, Gerber cautioned investors against rushing into SpaceX stock after its blockbuster debut. He advised building a position gradually, pointing to upcoming lockup expirations as a potential opportunity for better entry points.
On Stocktwits, retail sentiment for Tesla slipped to neutral from bullish amid a 216% jump in message volume. Meanwhile, a recent poll showed 61% of respondents expect a SpaceX–Tesla merger within five years.
SpaceX stock extended its post-IPO rally, climbing another 20% in its second session and adding $420 billion in market value. Shares closed at $192.5 on Monday, pushing the company’s valuation above $2.5 trillion.
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