Ross Gerber Feels Disillusioned With Elon Musk Amid Anti-Semitic Comment Row: 'Not Acting As The CEO Of Tesla Right Now'
Portfolio Pulse from Benzinga Neuro
Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management, criticized Elon Musk for not acting in Tesla's best interest due to his promotion of an anti-Semitic comment on Twitter. Despite holding 420,000 shares of Tesla, Gerber is concerned about Musk's behavior damaging the brand. IBM has halted ads on Twitter following Musk's controversial comments. Calls for Musk's resignation from his roles, including as Tesla's CEO, have been made by tech executives like Dustin Moskovitz.
November 17, 2023 | 3:55 am
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Elon Musk's promotion of an anti-Semitic comment on Twitter and the resulting backlash, including IBM halting ads and calls for his resignation, may negatively impact Tesla's brand and investor sentiment.
Elon Musk's actions on Twitter, which are seen as not in the best interest of Tesla, could lead to negative investor sentiment and potential divestment from the company. The public criticism by a significant shareholder and the halt of IBM's advertising on Twitter due to Musk's comments could further impact Tesla's stock price negatively in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90