Ross Gerber, a pioneering investor in Tesla and the CEO of Gerber Kawasaki Wealth & Investment Management, has issued a call for Elon Musk to step down as Tesla's CEO unless he relinquishes his roles in the US government. Gerber emphasized that Musk's social media commentary and his collaboration with the Trump administration have tarnished Tesla's image, resulting in a sales downturn. This year alone, Tesla's stock price has plummeted by over 41%, amidst various challenges including waning demand for electric vehicles and intensifying market competition. Furthermore, public discontent towards Musk is escalating, culminating in violent protests against Tesla.
