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Tesla investor calls for Elon Musk to step down as boss (news.sky.com)

submitted 5 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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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."

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[–] Tempus_Fugit@midwest.social 50 points 5 months ago

IMO, at least for me, it's too late. He'll still be deeply entangled with the company and a large part of his wealth is tied to them. I'll never give Tesla my money, never! That company can fail for all I give a damn.