- cross-posted to:
- teslamotors
- cross-posted to:
- teslamotors
Summary
A major early Tesla investor, Ross Gerber, has called for Elon Musk to step down as CEO unless he abandons his role in Trump’s DOGE.
In an interview with Sky News, Gerber declared Tesla is “absolutely in crisis,” citing neglect of the business while Musk pursues widening interests.
Tesla’s market value has plunged over $800 billion since December amid slumping demand, Chinese competition, potential trade war impacts, and controversy surrounding Musk’s government role.
Gerber claims Musk’s divisiveness has “destroyed” Tesla’s reputation despite having “the best product in the marketplace.”
That’s odd, because I’ve seen more than a few charts saying yoy sales are up, except for Tesla.
The domestic manufacturers struggled for decades against the Japanese manufacturers, and they continue to lag behind in quality and finish. The Chinese will destroy them, as long as they don’t try to go too cheap and do something like faking the safety tests etc.
Largely because they can sell at or below cost and still make a profit, because they’re being propped up by the Chinese government.
Domestic production is the legitimate use of tariffs, especially when the target country is effectively hacking their prices lower through subsidies. China wants to Walmart green tech. They want to artificially lower their prices until they’ve driven out all competition permanently.
Just like how Canada’s high tariff on US dairy after a certain limit was valid because they want to retain some of their own production. And the US could literally drown Canada in milk.