How to solve pod stop working once upgraded to "OS X Yosemite"?

Once I upgraded my Mac machine to "OS X Yosemite", I execute the command "pod install" to update the library, I encounter the error as showed below

/System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require': cannot load such file -- xcodeproj/prebuilt/universal.x86_64-darwin14-2.0.0/xcodeproj_ext (LoadError)
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /Library/Ruby/Gems/2.0.0/gems/xcodeproj-0.17.0/lib/xcodeproj/ext.rb:6:in `rescue in '
 from /Library/Ruby/Gems/2.0.0/gems/xcodeproj-0.17.0/lib/xcodeproj/ext.rb:3:in `'
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /Library/Ruby/Gems/2.0.0/gems/xcodeproj-0.17.0/lib/xcodeproj.rb:30:in `'
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /Library/Ruby/Gems/2.0.0/gems/cocoapods-0.33.1/lib/cocoapods.rb:2:in `'
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /System/Library/Frameworks/Ruby.framework/Versions/2.0/usr/lib/ruby/2.0.0/rubygems/core_ext/kernel_require.rb:55:in `require'
 from /Library/Ruby/Gems/2.0.0/gems/cocoapods-0.33.1/bin/pod:32:in `'
 from /usr/bin/pod:23:in `load'
 from /usr/bin/pod:23:in `

To resolve the error as described above, uninstall cocoapod, reinstall xcodeproj and cocoapods.

$ sudo gem uninstall cocoapod 
$ sudo gem install xcodeproj 
$ sudo gem install cocoapods