In a move that surprised the financial market, Ross Gerber , a major Tesla investor and CEO of Gerber Kawasaki Wealth Management and Investments, has just called for Elon Musk to step down as Tesla CEO. This call comes on the heels of the company facing a massive $800 billion stock valuation .
The cause of the enormous decline
According to experts, this severe decline not only reflects normal market fluctuations but is also related to Tesla’s intrinsic factors. Concerns about management, business strategy, and work. Elon Musk spends too much time on other projects. Like SpaceX and Twitter, many investors are losing confidence.
Ross Gerber didn’t hesitate to express his disappointment via social media, as he emphasized that Tesla needs a more focused leadership , especially at a time when the electric vehicle market is becoming fiercer than ever.
The call for a shocking resignation
Ross Gerber’s call for Elon Musk to resign sparked a strong backlash from investors and the media. In a recent Twitter post, Gerber wrote:
“Tesla needs a full-time CEO. Elon Musk is too busy with Twitter and other projects. This is no way to run a company worth hundreds of billions of dollars.”
Gerber also emphasized that if Musk couldn’t devote all his focus to Tesla, he should give the right to take over to someone more capable.
Elon Musk and the market’s reaction
Although Elon Musk hasn’t officially responded to Ross Gerber’s call, the stock market has had clear reactions. Tesla’s stock continues to fluctuate sharply, while analysts are closely monitoring the next development.
Some experts believe that Elon Musk’s departure from the CEO position could have unintended consequences for Tesla, especially given that the brand relies heavily on his reputation and influence.
Tesla’s future under pressure
With its stock price plummeting and criticism mounting, Tesla is facing pressure to change its position to regain investor confidence. Whether Elon Musk continues to take control remains a big question, but the signs of instability have obviously meant the company faces many challenges going forward.
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