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

submitted 2 days 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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[–] neon_nova@lemmy.dbzer0.com 7 points 1 day ago (1 children)

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.

[–] BeMoreCareful@lemmy.world 1 points 1 day ago

The first model was slick, but it's been disappointment since.