Tesla top investor calls for Elon Musk to step down as CEO following $800,000,000,000 plunge since December
Gerrard Kaonga
Featured Image Credit: Michael M. Santiago/Getty
A Tesla investor called for Elon Musk to remove himself as CEO for the sake of the company in a shocking revelation.
Elon Musk is pretty much everywhere, when it comes to American politics at least.
He has made himself pretty prominent on the social media platform he owns, Twitter or ‘X’, but over the past few months, Musk has been busy bolstering and supporting Donald Trump’s administration.
And this may be part of the problem when it comes to Tesla.
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Ross Gerber, one of Tesla’s earliest investors, called for Musk to step aside as CEO as he levied a whole host of criticism the billionaire’s way.
He said Musk’s focus on the Department of Government Efficiency (DOGE) for Trump’s administration has taken attention away from the business.
He also noted that Musk is becoming more a divisive public figure has negatively impacted the company.
Tesla's market value has plunged by more than $800bn since December, and in addition to this, protests and boycotts against the brand hasn’t done them any favors, with Gerber saying the company is now in a crisis.
Speaking on Sky News, Gerber said: “"The company's reputation has just been destroyed by Elon Musk.
"Sales are plummeting so, yeah, it's a crisis. You literally can't sell the best product in the market place because the CEO is so divisive.
"It's time for somebody to run Tesla. The business has been neglected for too long. There are too many important things Tesla is doing, so either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs or he should focus on the government and keep doing what he is doing but find a suitable CEO of Tesla."
“I think Tesla needs a new CEO and I decided today I was going to start saying it and so this is the first show that I'm saying it on. It's time for somebody to run Tesla.
“The business has been neglected for too long. There are too many important things Tesla is doing, so either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs or he should focus on the government and keep doing what he is doing but find a suitable CEO of Tesla."
Pretty scathing stuff, but Musk hasn’t yet made a public statement addressing Gerber’s comments.
UNILAD has contacted Elon Musk’s representatives for comment.