Longtime Tesla shareholder and Gerber Kawasaki CEO Ross Gerber criticized Elon Musk for distancing himself from Tesla and focusing on X AI. In a Bloomberg interview, he said investors should not expect Musk to return to active involvement with the company, prompting backlash from retail shareholders. He linked Tesla’s 33% stock drop this year to Musk’s growing distractions, including his role in Trump’s Department of Government Efficiency. Wedbush analyst Dan Ives echoed concerns, noting investors’ patience is waning. Gerber said he continues to hold Tesla shares for clients, citing product strength and potential recovery.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Longtime Tesla shareholder and Gerber Kawasaki CEO Ross Gerber
00:06criticized Elon Musk for distancing himself from Tesla and focusing on XAI.
00:11In a Bloomberg interview, he said that investors should not expect Musk
00:13to return to active involvement with the company,
00:16prompting backlash from retail shareholders.
00:19He linked Tesla's 33% stock drop this year to Musk's growing distractions,
00:24including his role in Trump's Department of Government Efficiency.
00:27Wedbush analyst Dan Ives echoed concerns, noting investors' patience is waiting.
00:32Gerber said he continues to own Tesla shares for clients,
00:35citing product strength and potential recovery.
00:38For all things money, visit Benzinga.com slash GSTV.