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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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[–] qarbone@lemmy.world 2 points 1 day ago* (last edited 16 hours ago)

Sure, step down from DOGE. But what the hell would he even do? Now that he doesn't even have the veneer of a futurist/technologist to massage public opinion of his businesses, what does he do as a CEO besides fellate other rich people to secure investments?