Tesla Investor Calls for Elon Musk to Step Down as CEO Amid Company Crisis
In a surprising development, a prominent Tesla investor has urged Elon Musk to relinquish his role as CEO for the benefit of the company.
Elon Musk, a highly influential figure in both technology and politics, has maintained a strong presence on social media, particularly on X (formerly Twitter), which he owns. In recent months, he has also been actively supporting former U.S. President Donald Trump and engaging in political initiatives.
According to Ross Gerber, one of Tesla’s early investors, Musk’s increasing involvement with the Department of Government Efficiency (DOGE), an initiative associated with Trump’s administration, has diverted his attention from Tesla’s core business operations. Gerber voiced his concerns publicly, asserting that the company has been significantly impacted by Musk’s divided focus.
Financial Decline and Brand Controversy
Tesla has faced substantial financial setbacks, with its market valuation plummeting by more than $800 billion since December. In addition to financial losses, the company has been affected by growing public criticism, boycotts, and protests, all of which Gerber attributes to Musk’s increasingly controversial public image.
During an interview with Sky News, Gerber stated, “The company’s reputation has been severely damaged by Elon Musk. Sales are declining, and Tesla is now in a crisis. It has become increasingly difficult to sell what is arguably the best product on the market because the CEO is such a polarizing figure.”
Call for Leadership Change
Gerber emphasized the urgency of the situation, arguing that Tesla requires strong and consistent leadership. He proposed two potential solutions: Musk could either return to Tesla as a fully dedicated CEO and step away from his other commitments, or he should appoint a capable replacement to lead the company.
“Tesla has been neglected for far too long,” Gerber continued. “The company is engaged in critical developments that require strong leadership. Either Elon Musk must fully commit to running Tesla, or he should remain focused on his political and governmental endeavors while appointing a new CEO.”
In a decisive move, Gerber publicly announced his stance for the first time, stating, “I believe Tesla needs a new CEO, and I have decided to start openly advocating for this change.”
Awaiting Musk’s Response
Despite the strong criticism, Musk has yet to respond publicly to Gerber’s remarks. UNILAD has reached out to his representatives for comment, but no official statement has been issued at this time.
As Tesla navigates this period of financial and reputational turbulence, the debate over Musk’s leadership continues to intensify, leaving investors and stakeholders eager to see how the situation unfolds.
