TECH - 'He Can't Even Tell He's An Idiot:' Elon Musk Furious As Ross Gerber Accuses Tesla CEO's 'Toxic' Behavior For 'Crappy' Q1 Sales And Demands Board Overhaul (UPDATED) | Benzinga
Editor's note: This story was updated with Elon Musk's reaction to Gerber's comments.
Gerber Kawasaki Wealth and Investment Management CEO Ross Gerber slammed Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk for the company’s dismal first-quarter performance on Tuesday, grabbing Musk's attention in the process.
What Happened: "Basically Tesla can’t sell its cars due to Elon’s behavior. Let’s stop blaming the Houthi rebels or German environmental terrorists. Or a recession that never came. Or interest rates,” Gerber said. "Only one person [is] responsible for this,” he added.
Gerber's firm, Gerber Kawasaki, holds 3,000 Tesla shares valued at roughly $500,000 in its flagship actively-managed exchange-traded fund AdvisorShares Gerber Kawasaki ETF (NYSE: GK), with Tesla representing a portfolio weighting of 2.37%.
Expressing a bearish sentiment towards Tesla, Gerber warned of potential downward revisions of future earnings estimates following the first-quarter delivery miss, anticipating analysts to adjust their 2024 and 2025 EPS estimates accordingly.
See Also: Everything You Need to Know About Tesla Stock
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