Exclusive: Tesla Investor Calls for Board To Oust Elon Musk as CEO

[BumRushDaShow]

Source: Newsweek

Published Mar 22, 2025 at 6:00 AM EDT | Updated Mar 22, 2025 at 3:33 PM EDT


A major Tesla investor has called on the company's board to oust Elon Musk as CEO in an interview with Newsweek. Newsweek has reached out the auto manufacturer for comment via email.

Why It Matters

Musk, the world's richest person, has taken on a visible role in President Donald Trump's second administration, leading the Department of Government Efficiency (DOGE). But his political involvement has caused concern for investors and Tesla's stock has floundered throughout 2025. Tesla shares have dropped 37 percent so far in 2025 as Musk has faced criticism and protests for some of his political remarks and actions. There have been a growing number of reports in recent weeks about vandalism toward Tesla vehicles.

What To Know

Tesla investor Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, told Newsweek it's time for the Tesla board to remove Musk as CEO in a phone interview Thursday evening. Gerber owns more than 250,000 shares of Tesla stock, which was valued at $248.71 per share at close on Friday. When asked if Musk should be removed as the CEO of the leading electric car manufacturer, Geber responded "absolutely," adding that the board should not have even let him purchase Twitter, now X, without appointing another person to lead Tesla.

"Why has the board of directors sat quietly while so much brand value has been eroded to the point that cars are being set on fire?" he said. "It's been wildly negligent that the board has done nothing to curb Elon's behavior, especially around extremist statements." Still, he cast doubt that Musk would be removed by the board, which he says "solely functions at the benefit of Elon" and has been "highly compensated" by Musk. "They're not going to do anything he doesn't say," Gerber said.

Read more: https://www.newsweek.com/tesla-investor-calls-board-oust-elon-musk-2048755

[Baitball Blogger]

1. And that's why federal employees should

Avoid conflicts of interest.

[Blue Owl]

2. Toxic Musk

[orangecrush]

3. Kick

[Skittles]

4. OUST HIM FROM AMERICA TOO

yes INDEED

[isitreal]

5. he should sell his stock

He and all investors need to take an honest look at where this company is headed stock price wise. How many lies has musk told world in his quarterly financial reviews and the forward statements? Many unfulfilled expectations. Now the product sale volumes are going down do to increased competition, alienation of the primary buyer demographic, dated products and now the cyber truck fiasco. The stock was priced at an eye opening multiple of it's earnings. The last financial report showed the earnings per share of just over $2.Typically auto companies stock is consider over sold when the multiple is is over 30x earnings.. To me even a stock price of $60 would be to high after seeing the reports of the sales dropping so much in many countries around the world, including China.

Listen to Musk's current lies and his behavior to hide the truth when DOGE findings are fact checked. This man has the same problem with telling the truth as trump has. Last week news was released about potential issues with tesla accounting, is that a surprise?

In April there will be a release of required quarterly finical data. I think the impact on sales will be shocking and may drive some chain saw slashing of workers in tesla. Hello reality.

[dobleremolque]

6. Share price needs to be driven down to about

$114 per share. That way, collateral will be insufficient for the loans Musk took against his holdings, and he'll start to get calls from creditors to either pay the money back, or put up additional collateral.

I bet you that's why he was sobbing in the Oval Office, and doing his insincere "why is everybody picking on Tesla" whining.

[RainCaster]

7. I want to see the boycott continue

Even after Leon gets the boot from Tesla, I want to see the boycott continue. The financial world needs to understand that the Muskrat is toxic.

[spooky3]

8. This is an example of why Sarbanes-Oxley was passed.

Boards are supposed to be independent of the CEO and protect shareholders’ interests. Too bad it’s not sufficiently enforced.

[Initech]

9. Good! The asshole has destroyed the brand and my country.

The fucker should be rotting in the most maximum security prison there is.

[CanonRay]

10. That whole fiduciary duty thing is going to bite the board in the ass.

[CaptainTruth]

11. Awesome! This is exactly what I've been trying to do the past couple months.

Contact all the Tesla board members directly via Tesla & at the other companies/organizations where they work. Find the major Tesla investors & contact them through their companies & organizations they belong to. Point out how badly Elmo is hurting Tesla's business & urge them to speak out publicly & pressure him to step down. We need to keep chipping away at this, it's where he's most vulnerable.

[Figarosmom]

12. Im getting real tired of reporters ways qualifying

"The world's richest man" every time they mention his name. Real tired of it.

[AllyCat]

13. One investor. After months of insanity.

Sure. This holds weight against the Fourth Reich.

[LudwigPastorius]

14. Yeah, it wasn't the Nazi salutes, or general evil fuckery from Musk that did it,...

it was only the 50% drop in stock price that finally moved the needle.

[BidenRocks]

15. The board says Waaahhh!

Who did they vote for and support I wonder?
I doubt it was for Kamala.
I have zero fucks of sympathy for rich fucks.
I've never cheered for a company to fail before.

[StarryNite]

16. Kick his nazi ass to the curb then deport the asshole.

[Meowmee]

17. Good idea- I hope they succeed

And then maybe they can somehow reduce his shares etc. I don’t know about the legalities of that. It may just be wishful thinking. As I recall the board of Apple ousted Jobs at one point with a hostile approach and reduced his shares I think.


Certainly they don’t want their company to go under and to lose more money because that crazy Nazi ketamine addict is running around destroying the country, etc. Finally, we are seeing a little pushback from CEOs, etc.

[Miguelito Loveless]

18. Tesla up $45 in the last two trading sessions

which is damned odd given the flood of bad news that has come out. Big money is buying the stock to prop up the price.

[BumRushDaShow]

19. I remember seeing some articles awhile ago

where some of the holders of the debt were cashing out... So obviously when someone "sells", someone is gonna buy.

[Miguelito Loveless]

20. There is some speculation

that it is retail investors buying in, stoked by the Commerce Secretary's pump and dump interview. If true, it is the people least able to afford buying shares (probably on margin), who will get gored when the price tanks. I wonder where shorts positions are?

[BumRushDaShow]

21. There is apparently some (illegal) begging going on by the administration for their supporters to buy the stock

I suppose it will be interesting to see how well they can make their brainwashed zombies "unlearn what they have learned" from the past, and actually buy a "lib-mobile" (and/or its stock). Might be enough to make their pinball machine heads go TILT!