Tesla CEO Elon Musk’s ongoing feud with former President Donald Trump has raised concerns among investors, particularly Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management. In a recent interview with CNBC, Gerber announced plans to sell more Tesla stock due to his growing unease about the company’s prospects under Musk’s leadership.
Shift in Investor Sentiment
Gerber, who had previously been optimistic about Tesla’s future, has changed his outlook in light of Musk’s controversies with Trump. This feud has raised potential risks for Tesla and its related ventures, including SpaceX, which is also led by Musk.
- A spokesperson for SpaceX declined to comment on the potential risks associated with Musk’s actions outside of SpaceX operations.
- The situation has created uncertainty for investors like Gerber.
Gerber’s Decision to Sell
Gerber, a long-time supporter of Tesla, had previously stated he would buy more shares if they fell below $200 per share. However, recent events have led him to believe that selling more stock is the best course of action.
"I’m going to sell some more," Gerber said in his CNBC interview. "I’m not going to buy any more."
Reasons for Selling
Gerber cited several reasons for his decision to sell more stock:
- Musk’s Feud with Trump: The ongoing conflict between Musk and Trump has raised concerns among investors.
- Controversies: Musk has faced criticism for his involvement in various controversies outside of his work at Tesla, including issues related to Twitter, Neuralink, and Boring Co. Analysts have suggested that these controversies could impact Tesla and SpaceX operations.
Another investor, who wished to remain anonymous, echoed Gerber’s sentiments, stating:
"I think there are better investments out there."
Conclusion
The outcome of Musk’s feud with Trump remains uncertain, but it has sparked significant concern among investors heavily invested in Tesla and its ventures. As tensions continue to escalate, the investment community will be watching closely to see how the situation unfolds.
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