Tesla Bull Ross Gerber to shareholders: If you have any confusion that Elon Musk is coming back to Tesla, he’s not. His next move is ...

Tesla investor Ross Gerber, who publicly called for Elon Musk’s exit from the EV company, has once again criticised him. In an interview with Bloomberg Technology, the CEO of Gerber Kawasaki Wealth & Investment Management, said that Musk “doesn’t care” about the electric car manufacturer. He went on to claim that the tech billionaire Elon Musk is not returning 'his focus' to Tesla anytime soon. He has found his next Big Focus and that it is not Tesla. “It’s clear that he just doesn’t care. His next move is X AI… So if you have any confusion that he’s coming back to Tesla, he’s not,” he said during the interview. In March, Gerber said that Musk has lost focus given his widening interests and has become too ‘divisive’. Blaming social media posts and involvement with the president Donald Trump for bringing negative publicity to the company, he then said that “the company's reputation has just been destroyed by Elon Musk”.
He then stated that Musk would need to choose between backing Trump and safeguarding Tesla. He said : “It's time for somebody to run Tesla. The business has been neglected for too long. There are too many important things Tesla is doing, so either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs or he should focus on the government and keep doing what he is doing but find a suitable CEO of Tesla.”

In his interview with Bloomberg, Gerber stood by his Tesla comments, addressing criticism from retail investors. He said “I understand why retail investors at Tesla are frustrated with me for voicing my views” adding that he’s “getting attacked because of Elon’s behavior.”
However, Gerber said that his firm will continue to manage Tesla shares. He said “We still own Tesla because I do think something fixes itself at some point, and they have the best products”.

Despite maintaining its lead in the US EV market, Tesla's stock has dropped 33% year-to-date. According to Cox Automotive data, Tesla sales fell 8.6% year over year in the first quarter of 2025, while the market expanded 11.4% as a whole. Meanwhile, the EV company is set to announce its first-quarter earnings on Tuesday, April 22.
Stock market worldwide has been volatile amidst the US-China tariff trade war. In a latest, Trump announced a sweeping 245% retaliatory tariff on Chinese imports.