Musk should go: Tesla investor Ross Gerber demands new CEO and sells shares

• Investor repeatedly criticizes Musk
• According to Gerber, Tesla needs new CEO
• Gerber’s company sells Tesla shares

Criticism of Musk

Gerber, who has repeatedly criticized Musk for his absence at Tesla over the years and has expressed Business Insider that he thinks that Musk has not worked for the car manufacturer for years is of the opinion that the US electric car manufacturer needed a new face. “I came to the conclusion that it is over. I think the damage is done, I don’t know how to fix it,” says Business Insider Gerber. In his opinion, the attitude of a new CEO is one of the few options for Tesla to find ahead. “It could be everyone, every CEO, someone from the middle, a good communicator who draws people’s attention back to what Tesla really does,” said Gerber. The company must take measures to align its identity to other things as a musk, says the investor. “I’ve been saying that for two years. Tesla has to be Tesla.”

Gerber Musk’s cooperation with Doge and the White House under Trump does not consider the only problem for Tesla. According to BI, the investor also referred to other current controversy in connection with contributions to X-Personal, Jews and Transgender. “My anger does not move from his haphazard manner to shorten the government,” said Gerber. “My anger stems because he is constantly saying incredibly insulting things about people.”

In addition, Gerber believes that even a retreat from Doge would not necessarily mean that he would pay his attention back to Tesla. In his opinion, for example, it could happen that the Tesla boss doubles his AI projects at XAI due to his disputes with Sam Altman.

Gerber’s company sells Tesla shares

However, since Gerber doubt that Musk would try to find a replacement, he believes that investors should adjust to further losses. According to the Business Insider, the investor had predicted a drop in Tesla by 50 percent at the beginning of the year and estimates that it could correct it by a further 50 percent from its current level.

Accordingly, the Tesla share is on the sales notes. “We have been selling stocks for a long time, and that has not fundamentally subsided because we still have so many,” said Gerber. According to the recent regulatory announcement, his company sold a further 28,481 Tesla shares in the fourth quarter of 2024, reports Business Insider. “Yes, it’s not a good time to buy the stock,” said the investor.

Further analysts assessments

At Wells Fargo, too, one believes that the Tesla share should continue to fall. Wells Fargo’s price target for the share certificate is $ 130 and thus $ 48.48 percent below the current level of $ 252.35 (as of April 14, 2025).

In addition, the well-known Tesla-Bulle Dan Ives von Wedbush recently reduced its price for the Tesla share. The new price target of $ 315 (previously $ 550) still offers upward potential and IVEs kept his “outperform” rating, but he still dares to do the papers significantly less than before.

The Tesla share has given up by 37.51 percent since the beginning of the year and is currently around 48 percent below its 52-week high from mid-December at $ 488.54.

Overall, there is a mixed picture among the analysts. In the past three months, 38 Wall Street analysts have spent 12-month course goals for Tesla at Tipranks. While 16 analysts recommend the share to buy, eleven advise to keep the stock and eleven analysts would sell the paper. The average price target is around 21 percent above the current level with $ 306.14.

Editor finance.net

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