Ross Gerber, a former prominent Tesla Inc. bull and early investor, has become one of the most outspoken critics of Elon Musk’s political involvement and its effects on Tesla shareholders. Gerber recently blasted the Tesla CEO, stating that Musk’s feud with President Donald Trump is “horrific” for the electric vehicle (EV) maker.
What’s Gone Wrong
Gerber believes that Musk’s behavior and focus on personal and political issues have distracted from Tesla’s core business. This has made it harder for Tesla to sell cars and has alienated both investors and customers. According to Gerber, Musk’s actions have “destroyed his image” and hurt Tesla shareholders.
A Feud with the President
Gerber criticized Musk’s public feud with President Trump, saying, “You’re supposed to be selling cars and robotaxi, and instead we’re in a fight with the President of the United States… quite frankly, it’s stupid.” He also warned that this behavior could lead to a significant drop in Tesla’s stock price, potentially cutting it in half if the situation continues.
Lack of Action from Tesla’s Board
Gerber also took to social media to criticize Tesla’s board of directors for not speaking out after Trump threatened to cut subsidies to Musk’s companies. He expressed disappointment that the board remained silent on the matter, saying, “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.”
A Warning to Investors
Gerber’s comments serve as a warning to investors, cautioning them that Musk’s behavior will ultimately hurt Tesla’s stock price. He believes that the company’s focus on personal and political issues rather than its core business will have severe consequences. As Gerber stated, “I caution investors, there’s going to be a cost at some time for all of this… you could easily see the stock drop in half if this continues.”
The Future of Tesla
Only time will tell if Gerber’s predictions come true, but one thing is certain: Elon Musk’s behavior has sparked a heated debate about the future of Tesla and its impact on the company’s shareholders. As the situation continues to unfold, investors will be watching closely to see how Musk’s actions affect the company’s stock price and overall success.