Investor urges Musk to resign from Tesla leadership

A major Tesla investor has publicly called for Elon Musk to resign as CEO, claiming the company's reputation has been damaged under his leadership. Ross Gerber, who owns significant shares of Tesla, believes Musk has become too divisive due to his involvement in various businesses and politics. Gerber's firm, which owns about 260,000 shares, recently sold a large portion but still holds a significant stake in Tesla, valued at approximately $105 million. He expressed concerns over the company's neglect and stated, "It's time for somebody to run Tesla." Musk's actions have sparked controversy and backlash. Recently, he performed a gesture resembling a Hitler salute, cut many government jobs, and showed support for the far-right German party AfD. These incidents have contributed to Tesla's market value shrinking by over $800 billion since December, with a notable decline in demand for electric vehicles. Gerber emphasized that under Musk’s leadership, sales have dropped and Tesla is facing a crisis. He suggested that Musk should either return full-time to run Tesla or focus on his political roles while appointing a suitable CEO for the car company. Protests have also emerged against Musk at Tesla stores in the US. Demonstrators are voicing their discontent with his influence in government and potential spending cuts. Critics argue that Musk's actions may undermine Congress's control over the budget and provide opportunities for personal enrichment.