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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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[–] ramenshaman@lemmy.world 5 points 1 day ago (1 children)

That would be great. The less connected Elon is to Tesla, SpaceX, etc. the better.

[–] painfulasterisk1@lemmy.ml -3 points 1 day ago (1 children)

Elon is the face of those companies. The company would need to be scrapped and built from the ground up, without his involvement.

[–] ramenshaman@lemmy.world 4 points 1 day ago

I disagree. Rip the face off, they'll be fine.

I don't think the cybertruck would have happened without Elon. Elon is obviously very good at some things but I don't think managing a company is one of them. He's very good at optimizing production lines which has gotten Tesla and SpaceX so far ahead of the competition.