Major Tesla investor demands Elon Musk's resignation

Leading Tesla investor Ross Gerber, who holds 260,000 shares in the company, has officially demanded that Elon Musk step down from his position as head of the automaker. According to him, Tesla's reputation is rapidly deteriorating, which has already led to a sharp decline in sales.

"The best product is impossible to sell"

Gerber stated outright that Tesla is experiencing a crisis, and that Musk himself is the cause.

"Илон Маск просто уничтожил репутацию компании. Продажи падают, и да, это кризис. Лучший продукт на рынке буквально невозможно продать, потому что генеральный директор — слишком неоднозначная фигура" (Elon Musk has simply destroyed the company's reputation. Sales are falling, and yes, it is a crisis. The best product on the market is literally impossible to sell because the CEO is too controversial a figure), the investor noted.

Tesla's future in question

The intensified criticism of Musk comes against the backdrop of a difficult period for Tesla. The company is facing falling demand for electric vehicles, increased competition, and stock volatility. Meanwhile, Musk's own behaviour, including his controversial statements on social media, continues to cause dissatisfaction not only among customers but also among major shareholders.