Major Tesla Investor Calls On Musk To Step Down

Mashable reports:

Elon Musk is practically synonymous with Tesla — and that’s become a problem for at least one major investor.

It’s gotten so bad that one of Tesla’s earliest investors has called for Musk to step down. Ross Gerber said in an interview with Sky News that Musk’s role in the U.S. government — notably the (extremely) divisive DOGE — and close ties to President Donald Trump have damaged Tesla.

“I think Tesla needs a new CEO and I decided today I was going to start saying it and so this is the first show that I’m saying it on,” Gerber said on air with Sky News’ Business Live. “It’s time for somebody to run Tesla. The business has been neglected for too long.”

Read the full article.

“I think Tesla needs a new CEO.” Amid cratering sales and plummeting stock, top Tesla investor Ross Gerber calls on Elon Musk to resign as CEO, or give up his work for DOGE.

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— Mike Sington (@mikesington.bsky.social) March 19, 2025 at 6:11 AM