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

submitted 21 hours ago by [email protected] to c/[email protected]

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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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[–] [email protected] 15 points 16 hours ago

People should continue to boycott them for as long as Elon holds Tesla shares. If he steps down and the company gets a 20% boost, his wealth increases with it.