Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, has shifted from being a staunch supporter of Elon Musk to a vocal critic. Gerber, an early investor in Tesla Inc. (NASDAQ:TSLA), has significantly reduced his fund’s stake in the company since November.
What Happened: Gerber cited Musk’s erratic behavior on social media, the controversial revamp of Twitter, now known as X, and political controversies as reasons for his change of heart. He receives daily calls from clients asking to sell Tesla stock, expressing their desire to distance themselves from Musk, Business Insider reported on Sunday.
Despite the reduction, Gerber still holds $60 million in Tesla shares, hoping for a turnaround. However, he has set a six-month deadline for Tesla to improve its performance before potentially exiting the stock entirely.
Gerber’s initial enthusiasm for Tesla began in 2013 when he tested a Model S. However, concerns about Musk’s behavior have grown over time, especially after …
Full story available on Benzinga.com
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, has shifted from being a staunch supporter of Elon Musk to a vocal critic. Gerber, an early investor in Tesla Inc. (NASDAQ:TSLA), has significantly reduced his fund’s stake in the company since November.
What Happened: Gerber cited Musk’s erratic behavior on social media, the controversial revamp of Twitter, now known as X, and political controversies as reasons for his change of heart. He receives daily calls from clients asking to sell Tesla stock, expressing their desire to distance themselves from Musk, Business Insider reported on Sunday.
Despite the reduction, Gerber still holds $60 million in Tesla shares, hoping for a turnaround. However, he has set a six-month deadline for Tesla to improve its performance before potentially exiting the stock entirely.
Gerber’s initial enthusiasm for Tesla began in 2013 when he tested a Model S. However, concerns about Musk’s behavior have grown over time, especially after …
Full story available on Benzinga.com
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, has shifted from being a staunch supporter of Elon Musk to a vocal critic. Gerber, an early investor in Tesla Inc. (NASDAQ:TSLA), has significantly reduced his fund’s stake in the company since November.
What Happened: Gerber cited Musk’s erratic behavior on social media, the controversial revamp of Twitter, now known as X, and political controversies as reasons for his change of heart. He receives daily calls from clients asking to sell Tesla stock, expressing their desire to distance themselves from Musk, Business Insider reported on Sunday.
Despite the reduction, Gerber still holds $60 million in Tesla shares, hoping for a turnaround. However, he has set a six-month deadline for Tesla to improve its performance before potentially exiting the stock entirely.
Gerber’s initial enthusiasm for Tesla began in 2013 when he tested a Model S. However, concerns about Musk’s behavior have grown over time, especially after …Full story available on Benzinga.com Read Moreelectric vehicles, Elon Musk, Equities, Gerber Kawasaki Wealth and Investment Management, Kaustubh Bagalkote, mobility, News, RIVN, Ross Gerber, TSLA, Global, Markets, TSLA, US88160R1014, RIVN, News, Equities, Global, Markets, Benzinga Markets
