Wealth manager Ross Gerber tells Sky News that Musk's time has become too stretched and his work alongside President Donald Trump too divisive.

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.”

  • Hobbes_Dent@lemmy.world
    1223·
    1 day ago

    Uh, that’s not going to do shit.

    Oooh, he’s not the CEO anymore. 👻

    May all his and your stock disappear in a cloud of poofed value for your complicity.

    • drzoidberg@lemmy.world
      52·
      24 hours ago

      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.

    • Pistcow@lemm.ee
      371·
      1 day ago

      Yup, he’d have to sell everyone of his stocks and remove every friend and family member of the board and then maybe but still probably not. I hope Tesla goes completely bankrupt now.

      • neon_nova@lemmy.dbzer0.comEnglish
        92·
        22 hours ago

        Same! They were great to get the electric car market started, but honestly, the brand has tarnished itself and most people hate them.

        Now there are tons of options on the market.