Ross Gerber, a long-time investor at Tesla, publicly demanded that Elon Musk resign as CEO. Gerbal feels that he’s getting distracted, particularly as a result of Trump’s keep on the White Home, and is main the corporate into disaster.
Gerber, CEO of Gerber Kawasaki Wealth Administration, instructed Sky Information, “There isn’t any doubt that Musk is dedicated to his work within the authorities. That is the place he’s spending his time. He isn’t operating Tesla. I believe Tesla wants a new CEO. The enterprise has been ignored for too lengthy.”
Gerber Kawasaki has invested in Tesla for a decade with Musk as its chief. Whereas not amongst Tesla’s largest investors – as of February 2025, his firm holds 262,352 shares – his firm has been decreasing its funding in Tesla since 2023. Ross Gerber, one in all Musk’s loudest advocates for modifications on the firm, has begun talking out in opposition to Musk. His criticism has escalated after Musk turned extra concerned with White Home affairs.
He instructed the outlet, “Tesla is doing a lot of essential work, so both Elon ought to come again to Tesla and change into the CEO of Tesla and quit his different engagements or he ought to deal with the federal government and proceed doing the work he’s doing, however discover a appropriate CEO for Tesla.”
Tesla’s shares proceed to fall. The shares have fallen by 5 % within the final 5 days. The corporate’s shares have fallen greater than 50 % from the December peak. In such a situation, Gerber says a management change is critical.
He additional argued that Musk’s involvement with Twitter (now X) has distracted him and Tesla has acquired a lot of damaging publicity from it. He stated, “The corporate’s status has been destroyed by Elon Musk. Gross sales are declining, so sure, it is a disaster time. You actually can not promote the most effective product out there as a result of the CEO is distracted.”
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