There has been a growing demand for Elon Musk's removal as CEO of Tesla. A U.S. investor, who holds shares in the company, has publicly called for his resignation, citing multiple concerns. During an interview on an American television show, the investor accused Musk of neglecting Tesla, stating that the company needs fresh leadership.
The U.S. stock market has been experiencing fluctuations in recent weeks, and Tesla's shares have also faced a significant decline. Although the stock has shown some recovery, many investors are still dealing with substantial losses.
Tesla has been under mounting pressure in the U.S., affecting both its sales and stock value. Ross Gerber, an investor in Tesla, voiced his disappointment in a TV appearance, directly blaming Musk for the company’s struggles. He claimed that since Donald Trump’s re-election as U.S. President, Musk has been preoccupied with his new responsibilities in the White House, leading to Tesla’s declining performance.
Gerber argued that Musk’s actions have damaged Tesla’s reputation and insisted that the company needs a new CEO. His statement comes amid fears of a global trade war following Trump's announcement of reciprocal tariffs. The U.S. stock market, including indices like Nasdaq, S&P 500, and Dow Jones, has witnessed sharp declines. Tesla's stock price has dropped 34% in a month, plunging from its all-time high of $488.54 to $235.86.
Elon Musk has defended himself against these allegations, addressing the concerns in an interview with Fox Business. He acknowledged the challenges of managing both Tesla and his new White House responsibilities but assured that he is balancing them to the best of his ability.
