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Tesla investor calls for Elon Musk to step down as boss (news.sky.com)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

A major early Tesla investor, Ross Gerber, has called for Elon Musk to step down as CEO unless he abandons his role in Trump's DOGE.

In an interview with Sky News, Gerber declared Tesla is "absolutely in crisis," citing neglect of the business while Musk pursues widening interests.

Tesla's market value has plunged over $800 billion since December amid slumping demand, Chinese competition, potential trade war impacts, and controversy surrounding Musk's government role.

Gerber claims Musk's divisiveness has "destroyed" Tesla's reputation despite having "the best product in the marketplace."

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[–] samus12345@lemm.ee 13 points 1 week ago (1 children)

Even if he did, people should continue to boycott them, simply because Elon will always associate them with himself.

[–] pivot_root@lemmy.world 17 points 1 week ago

People should continue to boycott them for as long as Elon holds Tesla shares. If he steps down and the company gets a 20% boost, his wealth increases with it.