Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, a long-time Tesla investment, has now claimed that Elon Musk should have never been allowed to leave the company because of that, which caused him to disengage from Tesla. Why did the board of directors sit silently as car values decline to the point where they are igniting? he stated. The panel has been utterly irresponsible in its failure to stop Elon’s behavior, particularly in the wake of extremist statements.
In response to the large demonstrations against Elon Musk both inside and outside the country, Gerber’s speech came as Tesla stock dropped. Tesla cars have been set on fire in protest of Elon’s meddling with state decisions, and hundreds of them have burned. The Donald Trump administration, who had sympathy for Elon during this difficult time, is labeling the fire incidents as “domestic violence.”
Elon, however, ignored the situation and advised owners to hold onto their stock in a surprise all-hands gathering of Tesla.
Gerber claimed that Musk cannot be held accountable by the Tesla Board because it only serves Elon’s needs and is very compensated by him. Gerber remarked,” They’re not going to do whatever he doesn’t say.”
Is Elon Musk resign as CEO?
According to Newsweek, Tesla owners don’t have the authority to veto a CEO’s resignation immediately. However, if they think Musk’s administration puts their money’s interests at risk, they may be able to control the Board. According to David Park, teacher of innovation at Syracuse University,” An impeachment would assuredly happen if sufficiently board members were facing pressure from big investors” determined that Musk’s actions or controversies had considerably harmed Tesla’s performance or reputation.
Gerber thinks Tesla is suffering as a result of Elon Musk’s engagement with the Department of Government Performance, which he has only led under Vivek Ramaswamy’s departure. Within a month, DOGE is required to reduce federal spending, and DOGE is then supposed to stop operating.
