Ross Gerber, a Tesla investor and CEO of Gerber Kawasaki Wealth Investment Management, announced on Sunday that he had replaced his Model Y and bought a Rivian. Earlier this month, Gerber said he ordered a Rivian R1 SS SUV to replace his Model Y. Now he appears to have taken delivery of the car.
Gerber posted on Sunday that Rivian's car is a "great electric car." Its technology still needs some improvements compared with Tesla, he said, while adding that Tesla has a huge technology moat. However, high-end EV buyers in Los Angeles are choosing to buy Rivians, Gerber said.
In a later post, Gerber explained why he decided to swap out the Model Y, saying: "Advancing sustainable transportation is our goal. I like a lot of electric cars. Why does this bother you? I'm tired of the Model Y, and I'm sorry. It's time for a new model Y. Why can't I like a lot of electric cars? I like several football teams. Isn't that okay?"
Gerber initially announced he was replacing his Model Y after Tesla CEO Musk sparked controversy over a so-called "anti-Semitic" post on the X. Gerber believes Musk's actions have caused huge damage to Tesla's brand.
Although Musk later apologized for the post, Gerber said earlier this month that he had ordered a Rivian R1S.
However, Gerber has previously stated that he has no plans to sell Tesla stock. According to Gerber Kawasaki Wealth Investment Management's third quarter 13F report, Tesla remains the company's largest holding, with a position size of approximately US$100 million.