Tesla gains amid pitch from tech hedge fund investor Brad Gerstner (update)
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Update 3:52 pm: Adds Gerstner comment's on Meta. 
Tesla (NASDAQ:TSLA) ticked up 0.3% at least partly amid a pitch from tech industry veteran Brad Gerstner.
Gerstner revealed a new stake in Tesla (TSLA) after he said that he was negative on the electric car maker in 2019 and 2020. Altimeter Capital's Gerstner initiated the position in Tesla in the last two months.
"The world is moving now wholesale, both for geopolitical realities and for energy realities, in the direction of electrification," Gerstner said earlier in a CNBC interview.
Tesla "has a compounding advantage in the world," Gerstner explained. "While we expect their share will stay at around 15% as we move forward, that's 15% in a massively growing market and we think they are going to be a much larger percentage of the profit pool in electric vehicles, in energy storage, etc."
Gerstner compared Tesla to Apple (AAPL) as a company that has much larger percentage of profit in a smaller share of actual units sold. 
"We think Tesla is following that playbook," Gerstner said. "They built a company that frankly is extending its moat, extending its lead versus the OEMS, who are saddled with a bunch of ICEy legacy."
Separately Gerstner, who said he has previously defended Meta Platforms (NASDAQ:META) and its business model previously, said he has grown "quite frustrated" with the tech giant. 
"I think they've done an absolutely lousy job of explaining this transition to the Street," Gerstner said. 
He added that "it's time for the new CFO, for Susan and for Mark to get out in front and explain to investors exactly what's going on." 
"There's a tremendous opportunity here to focus on fewer things, to drive more free cash flow out of the business, to buy back more shares and to explain to shareholders why this is a terrific opportunity," Gerstner said.