- 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.”
The one thing I’m getting from this statement from a large tesla investor saying that tesla is in chaos, is that it’s gonna cause even more investors to pull out. You don’t want a major shareholder saying the company you’re both invested in is in chaos.