Tesla’s Elon Musk accused of ‘destroying everything he built’
These days You’re here investors have reason to worry. Vehicle sales are buoyed by big price cuts, the much-touted Cybertruck will be loss-making for a year and there’s no indication of when the high-volume $25,000 entry-level car will the business will be launched.
And where is Tesla’s totemic CEO when times get tough? According to Ross Gerber, a vocal Tesla bull and co-founder of money management firm GerberKawaski, he is nowhere to be found.
Worse still, he says, Musk’s pet project of owning social networks the X platform is only causing more headaches for Tesla owners.
“None of his actions are for the benefit of Tesla at this time, it is only about Twitter“Gerber said on CNBC on THURSDAY, referring to the original brand name of the site. “What he’s really doing is destroying everything he’s built and that’s what’s extremely frustrating as a shareholder.”
Musk can probably be counted on to attend the Cybertruck delivery event on November 30, which marks the start of sales of his pickup model.
However, a undisclosed health problem prevented him from attending a key meeting with an official in the Narendra Modi government to discuss a major investment in India, which could generate significant volume growth.
Gerber’s patience has also been tested by Musk’s political views, including endorsing an anti-Semitic article about X this week.
Musk responded to a tweet claiming that “Jewish communities have pushed the exact type of dialectical hatred against white people that they claim they want people to stop using against them” as “the real truth.”
@Elon Musk must stop anti-Semitic remarks before harming $TSLA brand. Two of my Jewish clients contacted me this morning to express their outrage over his comments on Twitter last night. I want to believe that CEO attitudes and TSLA brand equity are unrelated but…
-Gary Black (@garyblack00) November 16, 2023
Gary Black is another well-known institutional investor. The Future Fund co-founder is a big believer in the company, holding Tesla as his second holding largely due to the “brilliance” of its CEO.
“Elon Musk must stop his anti-Semitic remarks before he harms the Tesla brand. Two of my Jewish clients contacted me this morning to express their outrage. » wrote Black Thursday.
Tesla did not immediately respond The wealth request for comment.
“He is certainly not acting as CEO of Tesla”
Musk has never been one to hide his politics.
Earlier this year, the richest man on the planet visited US border with Mexico to draw attention to uncontrolled mass migration and compared Europe’s immigration problems to a invasion.
He also took his son to a meeting with the Hungarian prime minister, a leader who has drawn heavy criticism for his behavior. discourage racial mixing– where the two men allegedly discussed how to encourage higher birth rates in the West.
This is also not the first time that Elon Musk has been involved in anti-Semitic arguments.
He said Jewish supporters of the Anti-Defamation League were themselves responsible for the rise in anti-Semitism and compared Jewish financier and Holocaust survivor George Soros to a supervillain WHO”hate humanity“and aspires to”destruction of western civilization.”
Gerber said he would trade in his Tesla next year for a model made by rival Rivian.
When asked if Musk should resign as chief executive of the automaker, the financial manager said there was no need.
“The truth is he’s already retired,” Gerber said. “He’s definitely not acting as CEO of Tesla.”
