Tesla Investor Ross Gerber Asks Why EV Giant Isn't Making 'Any Effort' To Fix Misleading Media Headlines
Portfolio Pulse from Anan Ashraf
Ross Gerber, a Tesla investor, criticized the company for not making efforts to correct misleading media headlines due to the absence of a public relations department. On CNBC's 'Last Call,' Gerber highlighted Tesla's lack of response to media inquiries, particularly regarding reports of Tesla 'recalling' over 2 million vehicles. CNBC anchor Brian Sullivan noted that other companies like Ford or GM have PR teams that address misinformation, unlike Tesla. Tesla, which hasn't had a PR department since October 2020, relies on CEO Elon Musk and social media for communication. Musk has previously expressed his disdain for media queries, and Tesla's VP Rohan Patel has clarified that the term 'recall' is misused when referring to over-the-air software updates.
December 14, 2023 | 10:49 am
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Tesla's lack of a PR department to address media misinformation could potentially affect investor and public perception, possibly leading to stock price volatility.
While the article points out a potential issue with Tesla's communication strategy, it does not provide any new information that would directly affect the company's financials or operations. However, the ongoing concern about Tesla's lack of PR could influence investor sentiment, leading to short-term stock price fluctuations. The impact is not definitively negative or positive, as Tesla has historically relied on unconventional communication methods, including CEO Elon Musk's social media presence, which has both positively and negatively affected the stock in the past.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80