In a stunning turn of events, Ross Gerber, one of Tesla’s largest and most influential investors, has called for Elon Musk to step down as CEO following an unprecedented stock plunge.

 

Tesla’s market value has cratered by a staggering $800 billion, a loss that has left investors, industry analysts, and the public questioning the future of the electric car giant.Gerber’s call for Musk’s departure highlights growing concerns over the company’s direction under Musk’s leadership, as well as broader market implications of the CEO’s political and business decisions.Tesla’s stock, once a darling of Wall Street and the most valuable automaker in the world, has seen a sharp decline in recent months. In a series of unfortunate events, Tesla’s valuation has plummeted by a jaw-dropping $800 billion.This dramatic fall, which occurred over a matter of months, reflects both the fragility of the electric vehicle (EV) sector and the deepening concerns over Tesla’s leadership under Musk.While Tesla’s stock has always been subject to volatility due to its speculative nature, the latest decline is being attributed to a range of factors — some of which are deeply tied to Musk’s personal and business decisions. From controversial political stances to strategic shifts in company focus, the erosion of investor confidence in Musk’s ability to steer Tesla toward sustainable growth is now undeniable.A pivotal moment in Tesla’s recent downfall came after Musk’s increasing involvement in politics, particularly following his outspoken support for former U.S. President Donald Trump. Musk’s decision to align himself with Trump’s policies and make public endorsements of the controversial political figure alienated many of Tesla’s key supporters, particularly in the environmentally-conscious and progressive sectors.Musk’s political engagement did not stop at supporting Trump, though. He joined the president’s advisory council during Trump’s term and later became a vocal critic of government regulations and taxes on the wealthy.While Musk’s participation in political matters may have appealed to some of his base, it undeniably created a significant backlash, especially among Tesla’s progressive customer base and investors who saw his actions as at odds with the company’s green mission.What followed were protests and boycotts targeting Tesla, led by activists who accused Musk of prioritizing his political ambitions over the company’s sustainability goals. In cities across the U.S. and Europe, demonstrators gathered in front of Tesla showrooms, demanding that Musk step down and allow a more socially responsible leader to take charge.This growing discontent from both the public and employees contributed to an erosion of the company’s reputation and, ultimately, the sharp decline in its stock price.In addition to his political involvement, Musk’s obsession with cryptocurrency, particularly Dogecoin, has also become a point of contention.

Musk’s vocal advocacy for Dogecoin, coupled with his eccentric social media antics, led to a surge in the cryptocurrency’s value — but it also raised questions about his commitment to Tesla.As the value of Dogecoin soared, Musk’s tweets and public comments focused increasingly on the digital currency, leading critics to question whether he was paying enough attention to Tesla’s core business.Insiders at Tesla have also expressed frustration with Musk’s shifting priorities. Many executives and engineers within the company had been vocal about the need for Musk to refocus on improving Tesla’s products and technology rather than making headlines with his cryptocurrency investments.Despite the overwhelming demand for electric vehicles, Tesla’s competitors — like Rivian, Lucid Motors, and traditional automakers ramping up their EV offerings — continued to gain traction while Tesla seemed distracted by Musk’s latest social media antics.Tesla’s failure to adequately address these competitive challenges resulted in a significant drop in consumer confidence, and the company’s stock price was hit harder than ever. Analysts pointed to Musk’s continued emphasis on cryptocurrencies and his increasingly erratic behavior as one of the key drivers behind the stock’s massive drop.Another contributing factor to Tesla’s decline is Musk’s growing absence from the day-to-day operations of the company.

As his attention shifted to political activism, SpaceX, and his personal ventures like Neuralink, Musk has dedicated less and less time to Tesla. This has led to concerns about the lack of strategic leadership within the company.

While Musk’s early involvement was crucial in guiding Tesla to its meteoric rise, many investors and employees now feel that his divided attention is hindering the company’s ability to innovate and lead in the highly competitive EV market. The company’s once-thriving innovation pipeline has slowed, with delays in product releases and a lack of clear vision for the future.The lack of strong leadership has created uncertainty within Tesla’s ranks. According to sources close to the company, internal morale is at a low point, with some key executives considering leaving Tesla due to Musk’s reduced involvement and the political controversies swirling around the CEO.

This sense of instability only compounded investor fears, sending Tesla’s stock spiraling downward.Ross Gerber’s outspoken call for Elon Musk to step down as CEO comes after months of rising tension within the Tesla community. As one of the company’s largest shareholders and a vocal advocate for Tesla’s future, Gerber’s comments carry significant weight in the financial community.In a public statement, Gerber expressed his frustration with Musk’s recent behavior and the declining performance of Tesla’s stock, saying:”Elon Musk has been an incredible visionary and leader, but the time has come for Tesla to have a leader who can focus fully on the company and its future. Tesla needs a CEO who can steer the company with a steady hand and a long-term strategy, not someone distracted by politics and personal ventures. We need stability, and that requires a leadership change.”Gerber’s remarks have sparked a heated debate in the tech and financial sectors. While some investors have echoed his call for a leadership change, others argue that Musk’s ability to drive innovation is unparalleled and that Tesla’s recent challenges are temporary setbacks rather than signs of permanent decline.