“Tesla needs a new general director,” said the prominent investor of the Ross Gerber electric car manufacturer in an interview. “Elon Musk destroyed the company's reputation,” he pointed out.
On Wednesday, one of the first investors of Tesla Ross Gerber gave an interview with the British Sky News information station, in which he called the head of the company Elon Musk to resign from his position. – I think that Tesla needs a new general director and I decided to start talking about it today, so this is the first program in which I talk about it – he said.
As he said, “time for someone to lead Tesla”. “Business has been neglected for too long,” he added. – Elon should return to Tesla to be its general director and give up other work, or should focus on working in the government and continue to do what he does, but then he should find the right boss – he continued.
Ross Gerber pointed out that since Musk bought Twitter, and now X, he devotes too little time to Tesla. He also emphasized that the billionaire's activity in social media and his cooperation with Donald Trump They brought Tesla too much negative publicity. – Elon Musk He destroyed the company's reputation – he said. – Sales drops rapidly, so yes, we are talking about the crisis. You can literally not sell the best product on the market because the general director is so controversial – he continued.
Tesla's crisis
Tesla's shares have lost their value in recent weeks. On March 10, the value of Tesla's shares was decreased by over 15 percent. This is the largest decrease in the company's quotations since 2020. There were also problems with the sale of used cars of this brand.
According to the analysis carried out by Cargurus, the prices of used Tesla fall at a rate more than twice as high as the average car.
According to analysts, Goldman Sachs Tesla is in the face of “difficult competitive environment for FSD” in Chinawhere key competitors “generally do not require the purchase of separate software for the intelligent driving function.” FSD, or Full Self-Driving (Supervised), is a partly automated Tesla driving system, which the company sells in USA as a premium option.
Wall Street not only draws attention to the company's basic indicators, such as sales and production. Investors are also trying to assess how much Musk's policy and work in the White House will put pressure on Tesla and how long.
“Musk's involvement in the Trump administration increases uncertainty on the demand side,” said Bird analysts.
Source of the main photo: PAP/EPA/SAMUEL CORUM/POOL