Tesla investor Ross Gerber doubts about the Robotaxi plans of Elon Musk and does not otherwise save with criticism of the CEO. He used the price increase after the Earnings Call to sell Tesla shares.
• Tesla investor Ross Gerber according to the balance sheet telephone conference “worried”
• “delusional” behavior Elon Musk and remaining Tesla management
• Criticism of robotaxi plans
Ross Gerber, President of Gerber Kawasaki WEALTH and Investment Management and has been investing at Tesla since 2015, has not been confident about the future of the company according to the recent balance sheet template of the electric car and the statements in the associated conference call. In fact, after the telephone conference on the quarterly results, he was only “worried”, the investor told Business Insider.
“Completely delusional”: long -time investor horrified by Tesla and Elon Musk
The first quarterly figures since Musk’s commitment in the Doge committee actually give little reason to joy: Among other things, the winning of Tesla in the first quarter of 2025 by a whopping $ 71 percent broke into only $ 409 million and sales were also below expectations. Even in the future, Gerber does not believe in a return of the electric car maker to the growth course: “I simply do not see any increasing sales, and in the automotive sector the sales have decreased by 20 percent. Therefore I see it in such a way that Tesla is currently in decline,” said the investor according to “Business Insider”.
In this context, he also criticized that there was no real insight of the management, which factors would have actually led to poor business development. “The conference conference shows that you are his [Elon Musks; Anm. d. Red.] Actions that led to this result completely deny. And he seems to believe that it is the left that attack him because he is in the government. Then they play down the effects on the company. I think they are completely delusional at this point, including Elon, “Gerber became clear to” Newsweek “.
Investors celebrated Elon Musk’s announcement to get less politically less and only want to spend one or two days a week with government tasks in connection with Doge, but Gerber remains skeptical. He believes that the optimism of the investors who rely on the fact that Elon Musk will then devote more Tesla again, possibly misguided. It could be a “wrong hope” to rely on Musk’s return to Tesla, said the investor according to “Newsweek”. On the one hand, Musk himself has become a negative factor for the electric car maker, and on the other hand, Gerber also believes that Musk could devote himself to Xai instead of Tesla after his partial Doge retreat.
Robotaxi promises cause doubt – business model too risky?
Another big criticism of Gerber is the robotaxi offensive announced by Elon Musk. According to the “Newsweek”, Musk had declared at the balance sheet telephone conference that “millions of autonomous Teslas” should be on the streets in the second half of the next year – the first tests are to begin in Austin in June. For Ross Gerber, the pure wishful thinking is, since Tesla has a long history of not adhered to schedules.
In addition, the investor also expressed doubts that Tesla’s technology was really sufficient to bring completely autonomous vehicles onto the street. Because the electric car maker completely relies on cameras that Musk compared with the human eye at the conference conference and does without laser. “If you think a camera is something like your eye, then you have no idea about biology. It’s really annoying,” said Gerber. “It doesn’t see people,” he also said based on his own experience with Tesla’s FSD software in Los Angeles. He had significantly better experiences with Waymo’s self -driving cars, said the investor.
Musk’s explanations about the planned cybercabs were also unable to convince the investor. After the first part of the Earning Calls contained “fairly normal Elon-Guafel with the same promises and false claims”, questions about Robotaxi came up afterwards and “I got to deal with fear,” said the investor according to “Newsweek”. “It was a simple question about Robotaxi, and [Elon Musk] Stuttered for ten minutes, “said Gerber. In his eyes, robotaxis are both technologically and business no sensible way for Tesla. Because Ride-Hailing is a hard business with a lot of deeper net wins than at Tesla’s automotive business.” They are better off when they sell cars, “said Gerber.
Elon Musk’s Image harms Tesla – investor demands profound changes
Elon Musk’s personal image also sees Gerber as a burden for the Tesla brand. According to a survey by Silver Bulletin, who quotes “Business Insider”, Musk is unpopular in more than 50 percent of those surveyed. This has real effects on buying behavior, says Gerber: “Customers who have the choice of how they coordinate with their money votes against him”. According to Gerber, the partial withdrawal of Musk from the Trump government will not change anything – the damage has already been done.
Gerber therefore confirmed his demand for a CEO change at Tesla: Elon Musk should withdraw to the board and hand over the day-to-day business to a new leadership, the investor recommends. So Musk can still influence, but relieve the scraped brand image.
Gerber separates from other Tesla shares
In the days after the balance sheet template, the Tesla share-mainly because of the prospect of Musk, received a little swing: on Nasdaq, the paper had closed at $ 237.97, now, at $ 280.52, it is around $ 17 percent. Since the beginning of the year, however, the share certificate has still been in the red 30 percent (as of May 1st).
According to his own statements, Ross Gerber used the latest price increase to separate from other Tesla shares. The investor continues its sales series: According to “Business Insider”, Gerber Kawasaki WEALTH and Investment Management has been reducing its remaining Tesla participation by around five percent in every quarter. How many Tesla shares Gerber is now not known after the balance sheet template. Investors should only receive this information in mid-May if the 13F forms of institutional investors submitted to the US stock exchange supervision are published. At the end of 2024, Gerber’s asset management company still owned Tesla shares worth $ 106 million.
Editor finance.net
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