Investor Ross Gerber thinks the Iran war has actually been good for Tesla Inc. (TSLA) sales. As gas prices hit new highs, more drivers are considering electric vehicles — and Gerber believes Tesla is the main beneficiary.
In a post on X, the Gerber Kawasaki co-founder said Tesla's sales have "bottomed" and were "looking better." He pointed to high fuel costs as a key driver. "High gas prices work their magic," he wrote, adding that customers wanted "the best EVs despite the dissonance."
Elon Musk has also been pushing back against critics who predicted Tesla's sales would suffer due to his right-wing political activism and association with President Donald Trump. Musk recently touted the Model Y SUV as a best-seller across multiple markets worldwide, including the U.S. Tesla vehicles have also emerged among the fastest-selling cars on the used market in America.
The Model Y has been the best-selling car globally in 2023, 2024, and 2025, and has reached cumulative sales of over 4 million units. In April, Tesla's sales grew in European markets like France and the Netherlands.
Meanwhile, Ferrari N.V. (RACE) has entered the EV space with its first electric vehicle, the Luce. Priced at $640,000, the Luce was designed by former Apple Inc. (AAPL) design head Jony Ive and his collective LoveFrom. It features a 122 kWh battery pack, a range of 330 miles, and four motors providing 1,000 horsepower.
According to MarketDash Edge Rankings, Tesla scores well on Growth and Quality metrics, and shows favorable price trends in the short, medium, and long term.
Price Action: Tesla shares were up 0.41% at $435.35 during aftermarket trading on Wednesday.
