Tesla investor Ross Gerber, who called for Elon Musk ’s exit from the company, has once again criticized him. In an interview with Bloomberg Technology, the CEO of Gerber Kawasaki Wealth & Investment Management , said that Musk “doesn’t care” about the electric car manufacturer. “It’s clear that he just doesn’t care. His next move is X AI… So if you have any confusion that he’s coming back to Tesla, he’s not,” he said during the interview.
In March, Gerber said that Musk has lost focus given his widening interests and has become too ‘divisive’. Blaming social media posts and involvement with the president Donald Trump for bringing negative publicity to the company, he then said that “the company's reputation has just been destroyed by Elon Musk”.
‘Getting attacked because of Elon’s behavior: Tesla investor
In the Bloomberg interview, Gerber also defended his criticism after a backlash from retail investors. He said “I understand why retail investors at Tesla are frustrated with me for voicing my views” adding that he’s “getting attacked because of Elon’s behavior.”
However, Gerber said that his firm will continue to manage Tesla shares. He said “We still own Tesla because I do think something fixes itself at some point, and they have the best products”.
Tesla stocks declined 33% year-to-date
Despite maintaining its lead in the US EV market, Tesla's stock has dropped 33% year-to-date. According to Cox Automotive data, Tesla sales fell 8.6% year over year in the first quarter of 2025, while the market expanded 11.4% as a whole.
In March, Gerber said that Musk has lost focus given his widening interests and has become too ‘divisive’. Blaming social media posts and involvement with the president Donald Trump for bringing negative publicity to the company, he then said that “the company's reputation has just been destroyed by Elon Musk”.
‘Getting attacked because of Elon’s behavior: Tesla investor
In the Bloomberg interview, Gerber also defended his criticism after a backlash from retail investors. He said “I understand why retail investors at Tesla are frustrated with me for voicing my views” adding that he’s “getting attacked because of Elon’s behavior.”
However, Gerber said that his firm will continue to manage Tesla shares. He said “We still own Tesla because I do think something fixes itself at some point, and they have the best products”.
Tesla stocks declined 33% year-to-date
Despite maintaining its lead in the US EV market, Tesla's stock has dropped 33% year-to-date. According to Cox Automotive data, Tesla sales fell 8.6% year over year in the first quarter of 2025, while the market expanded 11.4% as a whole.
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