this post was submitted on 18 Mar 2025
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Economics

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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] 2 points 12 minutes ago

Tesla investors can go fuck themselves!

[–] [email protected] 26 points 2 hours 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.

[–] [email protected] 67 points 3 hours ago (2 children)

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.

[–] [email protected] 21 points 2 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.

[–] [email protected] 22 points 3 hours ago (1 children)

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.

[–] [email protected] 1 points 41 minutes 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.

[–] [email protected] 35 points 3 hours ago (1 children)

Electric car demand appears to have peaked across key Western markets despite steep discounting to boost appeal at a time of continued strain on consumer budgets.

yeah when they artificially limit the market to domestics. open that shit up and see how much demand there is

[–] [email protected] 24 points 2 hours ago

That’s odd, because I’ve seen more than a few charts saying yoy sales are up, except for Tesla.

The domestic manufacturers struggled for decades against the Japanese manufacturers, and they continue to lag behind in quality and finish. The Chinese will destroy them, as long as they don’t try to go too cheap and do something like faking the safety tests etc.

[–] [email protected] 12 points 2 hours ago* (last edited 2 hours ago)

Nothing will change until the institutional investors (the largest investors) wake up. Ross Gerber is not on this list.

https://finance.yahoo.com/quote/TSLA/holders/