Key investor predicts further decline in Tesla stock, urges CEO Elon Musk to step down

From Yahoo Finance: 2025-04-06 13:07:00

Tesla stock has been on a downward trend since the beginning of the year, despite initial optimism due to Trump’s victory and promises of less regulation. Investor Ross Gerber believes immediate action is needed, urging CEO Elon Musk to make a drastic change. Gerber predicts a further 50% drop in TSLA stock.

As Tesla’s stock continues to decline, experts are raising concerns about Musk’s leadership and distractions, such as his work with the Department of Government Efficiency and proximity to Trump. Gerber, a prominent investor, believes Tesla would be better off without Musk as CEO, emphasizing the need for new leadership.

Trump announced Musk will be leaving his administration soon, sparking speculation about his future at Tesla. Gerber, who owns TSLA stock, believes the company needs a new leader to refocus on its core mission and improve investor confidence. Despite Musk’s potential departure, Gerber predicts further declines for Tesla.

Gerber insists that for Tesla to succeed, it must move forward without Musk at the helm. He criticizes Musk’s behavior on social media and believes his actions are compromising Tesla’s brand. Gerber remains optimistic about Tesla’s potential with the right leadership, but emphasizes the need for a change in CEO to turn things around.



Read more at Yahoo Finance: Key Tesla investor makes blunt prediction for the company’s future