Tesla Investor Ross Gerber Says He's Skeptic Of Elon Musk's Management Style As Cybertruck Deliveries Face Delay: 'Nobody Has Been Running The Ship'

Benzinga Neuro

April 16, 2024

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk‘s management style has come under scrutiny as the electric vehicle (EV) maker faces unexpected delays in Cybertruck deliveries. This has led to a critical investor questioning the leadership of the company.

What Happened: Ross Gerber, the CEO of Gerber Kawasaki Wealth and Investment Management, expressed his skepticism about Musk’s management style in light of the Cybertruck delivery delays. “Ever since he left Tesla and bought Twitter, basically nobody has been running the ship,” Gerber said in an interview with CNBC’s Last Call on Tuesday.

“I’m a skeptic of Elon Musk’s management style at this point,” Gerber said.

"I'm a skeptic of @elonmusk's management style at this point," says @GerberKawasaki as Tesla delays Cybertruck deliveries. "Ever since he left Tesla and bought Twitter, basically nobody has been running the ship." $TSLA pic.twitter.com/rCRloPu08S
— Last Call (@LastCallCNBC) April 16, 2024

Earlier this month, Gerber had publicly criticized Musk’s behavior, blaming it for Tesla’s poor Q1 sales performance. Musk responded to these comments, expressing his fury at Gerber’s accusations. Musk reacted to Gerber’s criticism by labeling him an “idiot” and highlighting a sales decline at Chinese EV maker BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), hinting that Tesla’s struggles were not unique.

On Feb. 13, Ross Gerber’s investment firm, Gerber Kawasaki Wealth & Investment Management, reported owning 377,918 shares of Tesla, which is a 5.09% decrease from their previous ownership, according to Fintel.

See Also: Elon Musk Reacts After Trump Posts Screenshot Of Tesla CEO’s Post About ‘Lawfare:’ ‘Not Being Applied Equally To Joe And Hunter Biden’

Why It Matters: The delay in Cybertruck deliveries is the latest in a series of challenges for Tesla. The company has also been dealing with weakening demand trends.

These developments have led to speculation about a potential leadership shift within Tesla, particularly following the departure of senior executives and the recent badge change of Tesla’s Director of Autopilot Software, Ashok Elluswamy.

Meanwhile, Musk has been indicating a strategic shift, recently laying off over 10% of the company’s global workforce. This move, coupled with Musk’s social media activity, has led to speculation that he is re-entering “wartime CEO” mode and refocusing the company on its robotaxi project.

Read Next: ‘Wow:’ Elon Musk Stunned By Reminder Of How Tesla Bull’s Optimistic 2021 Rivian Prediction ‘Didn’t Age Well’

Image Via Shutterstock

Engineered by Benzinga Neuro, Edited by Kaustubh Bagalkote

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Recommended

Could Elon Musk's New Device Save Us from A.I. Apocalypse? - Ad

Nvidia's Secret Partner... This Is the New AI Chip Powerhouse - Ad

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

The stock market is set to continue its bull run for another three to five years before an AI bubble bursts, according to veteran tech analyst Gene Munster.

Trump Faces Greater Threat Not From Michael Cohen, But From This Person, Says Scaramucci: 'This Wreckage Is Going To Come Back To Haunt Him Come November'

The outcome of the hush-money case may not mean much for Trump, but he faces a graver threat, says Anthony Scaramucci.

READ THIS If You Missed Out on the AI Boom

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

What happened in the UK's infected blood scandal? Inquiry report will be revealed on Monday

LONDON (AP) — The final report of the U.K.'s infected blood inquiry will be published Monday, nearly six years after it began looking into how tens of thousands of people contracted HIV or hepatitis from transfusions of tainted blood and blood products in the 1970s and 1980s.

This Important Evidence Could Determine Donald Trump's Fate In His Hush-Money Trial

The future of the Donald Trump hush-money trial is largely dependent on one key piece of evidence: People's Exhibit 35, a document that both the prosecution and defense are using to build their respective cases.

Could Elon's New Device be Bigger than the iPhone?

Could Elon's New Device be Bigger than the iPhone? - Ad

According to 30-year Silicon Valley and Wall Street veteran, Eric Fry... A man who picked 41 plays that jumped 1,000%+... This mind-blowing new technology could be bigger than the iPhone. And it could make a lot of people wealthy in the coming months and years.

Stock market today: Asian stocks advance after Wall Street closes out another winning week

HONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing above 40,000 for the first time.

Will Nvidia's Earnings Stoke Market Rally Further? Strategist Weighs In: 'I Would Think Investors Are Going To Be Nervous'

Nvidia and other major AI plays have been central to the stock market rally seen this year, helping to propel major indices to new highs.

$25 AI Stock Could Deliver Life-Changing Windfall

$25 AI Stock Could Deliver Life-Changing Windfall - Ad

Discover a company at the forefront of the AI revolution, with up to $1 billion in government-backed contracts and 1,372 patent applications. Trading at just $25 a share...

Will Falling Gas Prices Boost Biden's Popularity? Nobel Laureate Paul Krugman Has This To Say

Ahead of the 2024 presidential election, Paul Krugman has raised questions about whether falling gas prices will positively influence President Joe Biden's poll numbers.

Amid Nvidia Craze, Jim Cramer Sees A Chip Stock 'Not On Anyone's Radar' About To Break Out: Here's What He Said

Despite it not being on anyone's radar, Jim Cramer believes that Broadcom is about to break out.

5 Wall Street Legends Just Bought This One Stock

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise

ST. PAUL, Minn. (AP) — Uber and Lyft plan to keep operating in Minnesota after a compromise driver pay package, the companies said Monday.

Spot Bitcoin ETF Saw Two-Month High Of $948M Net Inflows Last Week

Week 19 of spot Bitcoin ETF trading saw a net inflow of $948 million with a trading volume of $8.5 billion.

Gold Is SOARING -- Here's What You Need to Do

Gold Is SOARING -- Here's What You Need to Do - Ad

Everything is lining up perfectly for a historic gold bull run. One gold expert says he's found the best way to get in, for less than $5.

Biden Advisor Defends China Tariffs, Silver Hits 11-Year High, Jamie Dimon Warns Of Inflationary Forces: Top Economic News This Week

From the U.S.-China trade relations to the Federal Reserve, here's a quick recap of the major stories that unfolded over the weekend.

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

America Just Hit a Grim Milestone

America Just Hit a Grim Milestone - Ad

Nearly half of U.S. households currently hold no retirement savings. Retirement expert Dr. David Eifrig says what happens next will separate a small number of winners from a very large number of losers. Learn how to protect yourself and your money with his four simple steps that he shares right here.

Things to know about an AI safety summit in Seoul

SEOUL, South Korea (AP) — South Korea is set to host a mini-summit this week on risks and regulation of artificial intelligence, following up on an meeting in Britain last year that drew a diverse crowd of tech luminaries, researchers and officials.

California is testing new generative AI tools. Here's what to know

SACRAMENTO, Calif. (AP) — Generative artificial intelligence tools will soon be used by California's government.

"America's No. 1 Retirement Stock" (Name Inside)

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers

LOS ANGELES (AP) — Homeowners have been spending more on home renovations in recent years, as high interest rates and stubbornly high inflation drove up costs for everything from flooring to refrigerators.

Elon Musk Issues Stark Warning Amid Rising National Debt: '...The Dollar Will Be Worth Nothing'

Elon Musk has voiced concerns about the future stability of the U.S. dollar, highlighting the escalating national debt as a potential catalyst for a looming economic crisis.

Mystery of the Rich and Connected Revealed

Mystery of the Rich and Connected Revealed - Ad

Former Goldman VP reveals a mysterious "Gold Bank" with huge upside potential... Last time we shared this, some folks could have seen a 995% gain. Don't be surprised if you've never heard of this -- most haven't. But he's sharing all in this new video.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies.

Demand Soars For Novo Nordisk's Weight-Loss Drug Wegovy Despite Supply Constraints And Eli Lilly Competition

The Danish pharmaceutical company is now shipping more introductory doses of Wegovy to the U.S., as it grapples with supply constraints and competition from Eli Lilly.

Crypto Millionaires Names His Favorite AI Coin

Crypto Millionaires Names His Favorite AI Coin - Ad

According to Bitcoin pioneer and crypto millionaire Charlie Shrem, a tiny $11 project could be the biggest winner of not just the next year, but the next decade. It combines AI and crypto, in one investment.

AbbVie Is 'Successfully Positioned To Absorb Humira Biosimilar Erosion': Analyst

Cantor Fitzgerald initiates coverage on AbbVie with an Overweight rating and a $200 price target. AbbVie is set to manage Humira biosimilar erosion, drive growth with Skyrizi, Rinvoq, and emraclidine, and achieve a high single-digit CAGR from 2024 to 2029.

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media who stepped in when the league's app couldn't broadcast the game.

Shhh! This Is One Great Coin...

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Colombia breaks diplomatic ties with Israel but its military relies on key Israeli-built equipment

BOGOTA, Colombia (AP) — Colombia has become the latest Latin American country to announce that it over its military campaign in Gaza, but the repercussions for the South American nation could be broader than for other countries because of longstanding bilateral agreements over security matters.

South Sudan removes newly imposed taxes that had triggered suspension of UN food airdrops

JUNA, South Sudan (AP) — Following an appeal from the United Nations, removed recently imposed taxes and fees that had triggered suspension of U.N. food airdrops. Thousands of people in the country depend on aid from the outside.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common?

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Nobel Laureate Joseph Stiglitz Warns 'Reelection Of Trump Would Be A Disaster'

Nobel laureate Joseph Stiglitz emphasized that freedom should not come at the expense of others.

'Star Wars' Actor Mark Hamill Makes Surprise White House Appearance, Coins Biden 'Joe-B-Wan Kenobi'

Mark Hamill gave President Biden a Star Wars-inspired nickname, Joe-B-Wan Kenobi, adding pop culture touch to political landscape.

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Ukraine May Need To Negotiate With Russia To End War, Says Top Intel Officer: 'Both Sides Are Jockeying For The The Most Favorable Position'

Ukraine may need to negotiate with Russia to end the war, as suggested by a senior intelligence official. Negotiations could begin in the second half of 2025.

US job openings fall to 8.5 million in March, the lowest level in more than 3 years

WASHINGTON (AP) — U.S. jobs openings slid in March to the lowest level in more than three years, but stayed at historically high levels in a sign that the job market remains resilient in the face of higher interest rates.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer]

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

MicroStrategy Was The Best Among These 10 Large-Cap Stocks Scoring Big Last Week (May 12-May 19, 2024): Are They In Your Portfolio?

Top performing large-cap stocks in the last week: MSTR, MNDY, ONON, SE, PODD, DELL, VOD, ALC, SMCI, CRBG. Analysts raise price targets & more positive news.

Trending Now