Ross Gerber, CEO and Co-Founder of Gerber Kawasaki, has publicly mocked Tesla Inc. CEO Elon Musk over his criticism of the Trump administration’s tax bill.
What Happened
Gerber called out Musk on social media, stating: “Amazingly Elon now attacking all the people he helped put in power. This should work out well for Tesla, I’m sure.” He also pointed out that Musk supported the end of all EV benefits currently in law and an administration directly opposed to Tesla’s success.
Gerber’s Concerns
Gerber expressed his concerns over the recent sell-off among analysts and Tesla insiders, saying that the company’s board of directors was selling stock and “living the good life” amidst the chaos. He questioned Musk’s decision to criticize the Trump administration, given his past support for them.
Why It Matters
Musk had previously called the bill “a disgusting abomination” in a rare disagreement with the Trump administration, which he had bankrolled in the run-up to the 2024 Presidential election. The Congressional Budget Office estimates that the bill could add over $5 trillion to the national debt by 2034. Despite criticism, the White House has stated that it is sticking to its guns, with Press Secretary Karoline Leavitt saying: “It doesn’t change the President’s opinion. This is one big, beautiful bill, and he’s sticking to it.”
Impact on Tesla
Gerber’s comments come as a warning to Musk, suggesting that his criticism of the Trump administration may backfire on Tesla. With the company’s success closely tied to the administration’s policies, Musk’s actions may have unintended consequences. As the situation unfolds, it remains to be seen how Tesla will be affected by the tax bill and Musk’s criticism of it.
Key Points
- Ross Gerber, CEO of Gerber Kawasaki, has criticized Elon Musk’s criticism of the Trump administration’s tax bill
- Musk had previously supported the Trump administration and its policies
- The tax bill could add over $5 trillion to the national debt by 2034
- The White House has stated that it is sticking to its guns despite criticism
- Gerber’s comments suggest that Musk’s criticism may backfire on Tesla