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

submitted 1 day 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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[–] pinheadednightmare@lemm.ee 12 points 1 day ago

Hell yeah, this is what I’ve been waiting for. He may be able to take the slow bleed, but his investors can’t. They have wiped all gains from the last 6 months. I feel like the joker with how big my smile is. Lmfao.