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Ever since the beginning of the year, Tesla (TSLA) stock has been in a race to the bottom that isn’t showing signs of stopping.
As shares surged late in 2024 on momentum from President Donald Trump’s victory, experts touted TSLA as one of the market’s most likely winners of the new era. Between CEO Elon Musk’s close proximity to Trump and the new president’s promises of less regulation, the company looked poised to continue growing in 2025.
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Three months into the new year, TSLA stock has mostly trended downward as Musk has focused more on his responsibilities on Capitol Hill than at any of his manufacturing facilities. This hasn’t inspired much confidence in investors, who have expressed concern for the company’s future.
One investor in particular, though, has made it clear he believes immediate action is necessary for TSLA stock to start making up the ground it has lost. It starts with Musk making a drastic change.
One financial expert has a plan to save Tesla but Musk won’t like it
As Tesla’s stock decline has accelerated over the past few months, more and more experts have sounded the alarm about Musk’s lack of leadership and the risks he poses to the company.
His work with the so-called Department of Government Efficiency (DOGE) has to be highly distracting, and his proximity to Trump hasn’t helped shield Tesla from the impact of recent auto tariffs.
Related: Prominent Tesla shareholder has harsh words for Elon Musk
Now, Trump has revealed that Musk will be leaving his administration in the near future, possibly because his allotted 130-day period as a special government employee is coming to an end. But one Tesla investor thinks that isn’t enough and says it's time for Musk to step down as Tesla’s CEO.
Ross Gerber has been a Tesla investor for a long time, and he has made it clear that he believes the company is better off without Musk. Gerber serves as President and CEO of Gerber Kawasaki Wealth & Investment Management, which owns approximately 262,352 shares of TSLA stock as of February 2025.
While that doesn’t make him one of Tesla’s biggest shareholders, Gerber is highly focused on pressuring Tesla to make a leadership change. He recently accused Musk of being too focused on his work at DOGE, but now he argues that the CEO is compromising Tesla in other ways.
From Gerber’s perspective, the only way for Tesla to be saved is if it moves forward without Musk, as he stated in a recent interview.