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Noted Tesla Investor: Musk Should Resign, Company Needs a New CEO
Fast Technology 2025-03-21 10:36:58

A well-known Tesla investor said,Elon Musk should resign from the position of CEO, unless he gives up his role in the U.S. government.

Well-known Tesla investor and CEO of Gerber Kawasaki wealth investment management company, Ross Gerber, bluntly stated during a TV show appearance that Tesla currently needs a new CEO.

He said: "It's time for someone to manage Tesla. This has been neglected for too long. Tesla is doing many important things, so Musk either needs to return to Tesla, give up his other roles, and fully serve as the CEO of Tesla, or focus on government work, but find a suitable CEO for Tesla."

Gerber pointed out that Musk's social media statements and his collaboration with US President Trump have had a negative impact on Tesla.

He said bluntly: "The company's reputation has been destroyed by Elon Musk."Sales are plummeting, so yes, it is a crisis. You clearly have the best product on the market, but it's not selling because the CEO is too divisive.

Tesla faces multiple challenges, with Musk himself being one of them.

With the strong support provided during the election, Musk has become one of Trump's most trusted confidants, serving as the head of the "Department of Government Efficiency" (Doge). This is a newly established institution that, strictly speaking, is not part of the federal executive branch. However, under Trump's direction, Musk's "Department of Government Efficiency" has demonstrated influence surpassing that of ordinary cabinet-level departments.

Trump's election victory once significantly boosted Tesla's stock price, with Tesla experiencing a sharp rise since early November last year, reaching a historical high of $488.54 per share. However, Tesla's stock price has cumulatively fallen by more than 41% this year. As of the market close on Wednesday Eastern Time, its stock price was $235.86 per share, down by half from the historical peak set in December last year.

Tesla's stock price being cut in half was indeed affected by the overall downturn of the US stock market, but it also faces many challenges of its own.

Tesla has been struggling with slowing growth in electric vehicle demand and competitors eroding market share in recent years, and now it faces a new challenge: consumer backlash against the company's CEO, Musk.

In the first two months of this year, Tesla's sales in the European market plummeted, while the overall sales of electric vehicles during the same period were on the rise, highlighting a rapid decline in the recognition of Tesla by European investors.

At the same time, public antipathy towards Musk has escalated to the point where violent protest incidents are occurring frequently. In the United States, violent incidents targeting Tesla dealerships, Supercharger networks, and even private vehicles have become all too common in recent times.

In addition, protesters across the United States and Europe are urging Tesla owners to sell their cars and calling on Tesla investors to sell the company's stock.

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