Longtime Tesla shareholder and Gerber Kawasaki CEO Ross Gerber criticized Elon Musk for distancing himself from Tesla and focusing on X AI. In a Bloomberg interview, he said investors should not expect Musk to return to active involvement with the company, prompting backlash from retail shareholders. He linked Tesla’s 33% stock drop this year to Musk’s growing distractions, including his role in Trump’s Department of Government Efficiency. Wedbush analyst Dan Ives echoed concerns, noting investors’ patience is waning. Gerber said he continues to hold Tesla shares for clients, citing product strength and potential recovery.
