A major Tesla investor is urging the company to remove Elon Musk as CEO, claiming that his leadership is detrimental to the firm.
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, told Newsweek that it is time for Tesla’s board to replace Musk as the company’s leader.
Currently, Gerber holds 250,000 Tesla shares, valued at $248.71 each, totaling nearly £49 million. However, Tesla’s stock was worth over $475 per share just before Christmas. Gerber believes removing Musk would be the best course of action for the company’s future success.
He argued that Musk should never have been given control of Tesla in the first place, as the company’s performance has declined under his leadership.
Gerber also criticized Musk’s decision to acquire Twitter without appointing a separate leader for Tesla, stating that this has negatively impacted the car manufacturer, leading to unforeseen struggles.
