Time to buy Tesla stock

Welcome to the weekend, friends.?Phil Rosen here — today I'm excited to share my conversation with a?high-profile Tesla shareholder ?who recently campaigned for a board seat at Elon Musk's company.

As always, if you have any suggestions for who I should interview next,?let me know in the comments.

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Ross Gerber is the cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, and holds 420,000 shares of Tesla stock, or about $74 million based on?Tesla's ?current stock price. This conversation has been lightly edited for length and clarity.?

Phil Rosen: What was your takeaway on Musk at this week's annual shareholder meeting??

Ross Gerber:?Elon had his mojo back. Seeing his?energy and enthusiasm , him being around the people who love him and he loves, you can see he's clearly happy.?

He came out swinging pretty hard with the business plan, $25,000 car, Cybertruck, self-driving — then he followed it with a mainstream media interview, which he killed.

It was literally the?best PR day for Tesla ?since the Twitter disaster began.

Musk appointed a new CEO of Twitter on May 12, days before the shareholder meeting. How did these two events impact your investment view on the stock?

RG:?You gotta own Tesla in your portfolio ?with Elon re-focused on Tesla.?

Over the first quarter?I was a net seller . I went from 440,000 shares to 420,000, but now I'm back to a buy.

I went from a hold and somewhat bearish, to a buy and somewhat bullish. The only thing keeping me from?outright bullishness ?is the broader economy.

What do you want to see the EV company do next to get to the next level?

RG:?It comes down to service and quality. Tesla needs a quality and service czar whose job it is to?make sure customers are having good experiences .?

Tesla needs to understand that they have millions of users, and someone has to be in charge of the user experience, not just updating software. They're very good with the tech side, but they need to be better with human interaction for customers.

Read my full conversation with the top Tesla investor and money manager.

What do you think of Gerber's outlook on Tesla??Let me know in the comments.

And here are the top stories from markets this week:?

2. RH stock plunged after Warren Buffett's Berkshire Hathaway dumped its entire stake.?The conglomerate had started to build its position in the third quarter of 2019, and it was last worth about $575 million. Shares of RH have plunged 67% from their post-pandemic high —?but Buffett still likely made a profit on the bet .

3. The top large-cap fund manager from the past 12 months shared his 13 favorite stocks right now.?He broke down his full list, and explained?the one change that completely turned around his portfolio performance.

4. Meet the money manager of an award-winning credit fund that has tripled its benchmark since 2014.?Sam Reid of River Canyon Total Return Bond Fund shared his strategy for picking winners in the current landscape —?and what he's watching in the credit market .?

5. The strength of the US consumer is at risk as 43 million borrowers are set to resume student loan payments.?Strategists at Bank of America said millions of Americans could start shelling out up to $400 per month later this year.?That could make shareholders for companies like Discover and SoFi winners in this scenario .

This is a condensed version of Insider’s 10 Things Before the Opening Bell newsletter. To see items 6-10, sign up here to receive the full newsletter in your inbox.

This newsletter was curated by Phil Rosen.