It needs to be very clear to people what's actually happening at Tesla. Number two, there needs to be transparency with the media. It's very important that we know what is the plan either for succession of Tesla eventually, like if Elon died, what would be the succession plan? And then secondly, what is the current short-term plan for Tesla's management and bringing Elon back to Tesla? And what is the time frame for that? So it's time for somebody to move over and let me be there because I will do three things immediately. And they've done nothing, absolutely nothing, a disgraceful nothing, not a word from anybody. It's time for Tesla's board to wake up and do their job because the job of the board is to protect shareholders and to provide guidance to people who want to invest in the company and have confidence in its future. And that's why I've announced that I'm running for the board of Tesla. ROSS GERBER: Well, it's really a combination of three things that have really bothered me. Is it about the sale of his Tesla shares? Is it about the distraction? Is it about the brand dilution because of what he's been saying on the platform? I wonder what your bigger concern is here. You could argue, Ross, you among many other investors in Tesla as well certainly pressuring Elon Musk, who you have said among many tweets that you just think this is unacceptable, that so much of the value from Tesla has been erased as a result of Elon's distraction with Twitter. And I think the end game has a little bit more focus now. So he has very high expectations in the way he wants Twitter to be run. And he just wants somebody who's going to make a very large commitment to doing it and financially and emotionally and physically. And that's what I'm working very hard for.Īnd judging by Elon's comments, I think he is looking for a CEO now. ROSS GERBER: Yeah, and as far as I'm concerned, the lower it goes, the better opportunity for investors, as we're going to get resolution to this issue, I hope, the short term. What are your expectations now? We saw a brief shadow of hope, but back to reality we're seeing in the stock price right now. I know you've been very vocal about this roller coaster that especially Tesla stock has been on since Musk took this on. Well, joining us now to discuss is Ross Gerber, Gerber Kawasaki Wealth Investment Management CEO.
Now, all this is multiple reports say Musk is approaching investors to help fund his purchase of Twitter, including Ross Gerber.
And that's after Elon Musk polled followers, asking if he should step down as Twitter CEO. Tesla shares briefly moved higher this morning since turning lower, though. Gerber Kawasaki Co-Founder Ross Gerber joins Yahoo Finance Live to discuss Elon Musk’s leadership of Tesla and Twitter, how Twitter is affecting the Tesla brand, what the board of directors at Tesla needs to do, and how he would run Tesla if he had the role.
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