Economics

760 readers

185 users here now

founded 2 years ago

414

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

submitted 1 month ago by [email protected] to c/[email protected]

25 comments fedilink hide all child comments

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."

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 55 points 1 month ago

IMO, at least for me, it's too late. He'll still be deeply entangled with the company and a large part of his wealth is tied to them. I'll never give Tesla my money, never! That company can fail for all I give a damn.