Adrian Volenik
Sun, Apr 20, 2025, 12:31 PM 3 min read
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Gerber says helium inactive owns Tesla banal for clients, but he's frustrated by its direction.
"Tesla banal is down 40% this year," helium said. "The show is, I think, straight related to the CEO [Elon Musk] not moving astatine the institution and his extracurricular activities. I don’t similar Elon. It’s personal; the mode helium does things. That’s true, and I don’t align with him morally, but that is irrelevant of my concern successful Tesla.”
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He besides added that nobody’s made immoderate wealth successful Tesla for a agelong time.
He believes Musk's governmental enactment and shifting absorption distant from Tesla person wounded the marque and driven distant customers. "You'd person to beryllium unsighted not to spot that Elon's behaviour is highly governmental and highly damaging to the brand," helium told Bloomberg.
Gerber says the backlash he's received for voicing concerns is misdirected.
"I recognize wherefore retail investors astatine Tesla are frustrated with me," helium told Bloomberg. "I find it horrible the information that radical are disquieted astir having their vehicles vandalized, including me, due to the fact that of Elon. I'm really truly getting attacked due to the fact that of Elon's behavior."
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He added that the institution has failed to efficaciously beforehand its caller offerings. He called the upgraded Model Y "way amended than the aged one" and questioned wherefore Tesla isn't advertizing it properly.
Gerber's disapproval extends beyond Musk. He's taken purpose astatine Tesla's committee of directors, calling them negligent. "The committee is 100% responsible," helium posted connected X earlier this month.
He besides criticized Chair Robyn Denholm, accusing her of failing to correspond shareholders and acting successful Musk's involvement alone. Gerber believes the institution needs stronger governance to support its semipermanent future.