Investment advisor Ross Gerber has criticized Tesla Inc. board members for remaining silent after President Donald Trump launched a scathing attack on CEO Elon Musk and federal subsidies supporting his company.
What Happened
Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, wrote on social media platform X: “Sadly true and it seems Elon is destined to find out who is more powerful. Not a peep from the Tesla BOD of this absurd attack on the President he enabled.” This was in response to Trump’s claim that Musk “may get more subsidy than any human being in history, by far” and suggesting that without subsidies, Musk would likely have to close up shop and head back home to South Africa.
Trump’s Claims
Trump stated that eliminating support would mean “no more Rocket launches, Satellites, or Electric Car Production,” while the country “would save a fortune.” He also recommended that the Department of Government Efficiency examine billions in subsidies flowing to Musk’s companies.
Reactions and Implications
The public feud marks a dramatic reversal between former allies. Musk reportedly contributed over $250 million to Trump’s 2024 campaign before departing the administration in June amid disagreements. Tesla faces mounting operational challenges, including a 87% drop in Canadian sales in Quebec during the first quarter of 2025, according to researcher Troy Teslike. Gerber has been a vocal Tesla critic, recently dumping over 20,000 shares in the first quarter of 2025 and calling for leadership changes due to “negligence” regarding brand damage from Musk’s political activities.
Key Points
- Trump claims Musk receives more subsidies than any human being in history
- Gerber criticizes Tesla board for not speaking out against Trump’s attack
- Tesla faces operational challenges, including significant drop in Canadian sales
- Gerber has been a vocal critic of Tesla, calling for leadership changes
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