Ross Gerber is concerned about Tesla's future with Elon Musk leading, suggesting a negative outlook

From Yahoo Finance: 2025-04-26 12:15:00

Investor Ross Gerber doubts Tesla’s ability to make a comeback with Elon Musk back. Despite a 20% stock surge, he remains unconvinced by Tesla’s self-driving tech and robotaxi business. Gerber believes Musk’s return could be detrimental to the company, citing a history of unmet timelines and unfavorable public opinion. He suggests Tesla focus on selling cars rather than pursuing robotaxis. Gerber suggests Musk step back from the company and hire a new CEO to help salvage the brand’s reputation. He continues to trim his position in Tesla stock, citing concerns over the company’s declining sales and high valuation.

Read more: Why Tesla bear Ross Gerber says he’s even more ‘disturbed’ after the latest earnings