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☆ Elon Musk is ready to make his biggest pitch yet that Tesla is more than just a car company
▼ + stars: | 2024-10-07 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Elon Musk has a big task this week: convincing investors that Tesla is more than just a car company. It may do so once again as Elon Musk prepares to use the studio lot to tell another story: that Tesla is more than just a car company. The long-awaited event — originally scheduled for August — is meant to give weight to the electric vehicle maker's pitch that it is a tech company first and a car company second. Meanwhile, in July, Wedbush analyst Dan Ives claimed the "Tesla AI story could be worth $1 trillion-plus and is the most undervalued AI name." Michael Macor/The San Francisco Chronicle via Getty ImagesHowever, what's critical to note is the timing for Tesla's robotaxi push.

Persons: Elon Musk, Tesla, Tesla's, —, Musk, Sam Altman, Andrej Karpathy, Dan Ives, Michael Macor, Caspar Rawles, Rawles, Donald Trump, Elon, Ross Gerber, Gerber, Uber, it's, Cruise, Paul Miller, Forrester Organizations: Service, Warner Bros, Elon, Robotaxi, EV, San Francisco, Getty, Elon Inc, Benchmark Mineral Intelligence, Twitter, Gerber Kawasaki Wealth, Investment Management, Baidu, GM Locations: Burbank, California, Tesla's, Palo Alto, Elonville, Chinese, China, Wuhan

☆ New York City investment chief calls on Tesla to sanction Musk unless he apologizes
▼ + stars: | 2023-11-21 | by ( Ross Kerber | ) www.reuters.com time to read: +5 min

Lander's remarks make him the latest Tesla shareholder to call on the EV maker to rein in Musk. Musk endorsed an antisemitic post on social media platform X, formerly known as Twitter, on Nov. 15. It remains unclear whether Tesla's board will take any action. If Musk fails to do so, Tesla's board should consider actions such as docking his pay, suspending him or terminating him, Lander added. He wrote to Tesla board chair Robyn Denholm on Monday that failing to take action would show Tesla's code of business ethics to be "toothless."

Persons: Tesla, Elon Musk, Rishi Sunak, Kirsty Wigglesworth, Brad Lander, Lander, Lander's, Ross Gerber, Musk, Linda Yaccarino, Robyn Denholm, Henry Ford, Nazism, Kristin Hull, Nia, Tesla's, Ross Kerber, David Gaffen, Sheila Dang, Greg Roumeliotis, Matthew Lewis Organizations: British, New York, Reuters, Nia Impact, Gerber Kawasaki Wealth & Investment Management, U.S . Securities, Exchange Commission, SpaceX, Boring Company, Ford Foundation, White, Media, America, Defamation League, Thomson Locations: London, Britain, New, New York City, New York, Dallas

☆ Elon Musk has effectively 'stepped aside' as Tesla CEO with 'outrageous' X comments, long time Tesla bull says
▼ + stars: | 2023-11-17 | by ( Kali Hays | Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Elon Musk recently supported an anti-semitic tweet and other incendiary rhetoric on X.Musk is working to "destroy" Tesla, and is not acting as its CEO, Gerber said. AdvertisementAn ardent supporter of Tesla and its CEO Elon Musk no longer sees the billionaire as the leader of the company. AdvertisementGerber's comments came after Musk responded to an antisemitic comment on X, claiming that "Jewish communities" had been pushing "hatred against whites." "You have said the actual truth," Musk wrote in response to the antisemitic post. Earlier on Thursday, Gerber wrote on X that he plans to ditch his Model Y Tesla for a Rivian due to Musk's statements.

Persons: Ross Gerber, Elon Musk, Gerber, —, Tesla, Musk, he's, I've, Linda Yacaccarino, Dustin Moskovitz, Marc Bodnick, Yaccarino Organizations: Service, Gerber Kawasaki Wealth & Investment Management, CNBC, Tesla, Business, IBM, New York Times, Facebook, Defamation League Locations: Tesla

☆ X employees are reportedly fielding calls from advertisers asking about Elon Musk's endorsement of antisemitic post
▼ + stars: | 2023-11-17 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Ads have also appeared next to pro-Nazi posts on Musk's platform, non-profit Media Matters reported. Some X employees are facing the brunt of the uproar, and are reportedly getting calls from advertisers asking about Musk's comments, according to The New York Times. X has also been placing advertisements next to major companies like Apple, Oracle, and Xfinity, according to Media Matters. AdvertisementSome users on X responded to Yaccarino's post, asking her if X owner Musk was aware of this stance and requesting that she relay her message to him. Antisemitic posts from X users, which were flagged by Media Matters, will now be labeled as "sensitive media," an X executive told Business Insider in a statement.

Persons: Elon Musk, —, Musk, @BreakingBaht, Linda Yaccarino, Dustin Moskovitz, Ross Gerber Organizations: Media, Service, The New York Times, Nazi, IBM, Apple, Oracle, Media Matters, BI, Facebook, X, SpaceX, Gerber Kawasaki Wealth, Investment Management

☆ A top Tesla investor said he plans to ditch his Model Y for a Rivian after Elon Musk agreed with antisemitic post
▼ + stars: | 2023-11-16 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +4 min

Ross Gerber said he plans to ditch his Model Y for a Rivian over Elon Musk's agreement with an antisemitic post on X. "Getting a flood of messages from clients wanting out of tesla and anything to do with Elon Musk," he wrote on X. Gerber, Musk, and a spokesperson for Tesla did not immediately respond to a request for comment. Gerber's comments came after Barron's reported that Musk's name had been dropped from the APEC CEO Summit speaker list on Thursday. "Elon Musk had a schedule change that prevented him from joining the APEC CEO Summit 2023," a spokesperson told Barrons.

Persons: Ross Gerber, Musk, —, Elon Musk, Gerber, Tesla, Gerber's, Barron's, Barrons, Elon Organizations: Elon, Service, Rivian, Gerber Kawasaki Wealth, Investment Management, APEC, Business, The New York Times, Dealbook Locations: LA

☆ 'Elon has his mojo back': A top Tesla investor shares the biggest takeaways from the shareholder meeting and why the stock is a must-have in your portfolio now
▼ + stars: | 2023-05-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Tesla investor Ross Gerber told Insider why he's grown more bullish on the stock. In February, Gerber launched a bid for a board seat, saying Tesla needs to "grow up" and build its image beyond Musk. The appointment of the new Twitter chief and updates at the Tesla meeting even changed his investment view. "You gotta own Tesla in your portfolio with Elon re-focused on Tesla," Gerber said. "Tesla needs to understand that they have millions of users, and someone has to be in charge of the user experience, not just updating software," the money manager said.

☆ This investor holds $74 million in Tesla stock. Here's why he's bullish on the future of Elon Musk's EV company.
▼ + stars: | 2023-05-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here — today I'm excited to share my conversation with a high-profile Tesla shareholder who recently campaigned for a board seat at Elon Musk's company. Twitter CEO Elon Musk appearing at a 2022 Tesla event. Suzanne Cordeiro/AFP via Getty ImagesRoss Gerber is the cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, and holds 420,000 shares of Tesla stock, or about $74 million based on Tesla's current stock price. RG: You gotta own Tesla in your portfolio with Elon re-focused on Tesla. The strength of the US consumer is at risk as 43 million borrowers are set to resume student loan payments.

☆ Elon Musk's blue-check saga marks the beginning of the end for Twitter, top Tesla investor says
▼ + stars: | 2023-04-25 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Top Tesla and Twitter investor Ross Gerber is not happy with Elon Musk. He said Musk's decision to hand out free blue checks was the beginning of the end for Twitter. Top Tesla and Twitter investor Ross Gerber said the latest turmoil at Twitter could spell the beginning of the end for the company. A subscription to Twitter Blue costs $8 a month, but many celebrities and news organizations have refused to pay. The investor added that Twitter was in a further state of confusion after several accounts belonging to dead users had blue checks returned to their profiles.

☆ Tesla investors call for 'distracted' Elon Musk to be reined in as they worry he's 'overcommitted'
▼ + stars: | 2023-04-21 | by ( Grace Kay | Sam Tabahriti | ) www.businessinsider.com time to read: +5 min

Tesla investors called for Elon Musk to be reined in an open letter, citing the CEO's many commitments. A group of Tesla investors is calling for Elon Musk to be reined in, saying the CEO has been distracted by commitments to his other companies like Twitter. "The Board allowed the CEO to be overcommitted at a time when the company faces critical challenges," the letter stated. Tesla and Musk didn't immediately respond to requests for comment from Insider ahead of publication. Gerber's name is not listed on the open letter.

☆ Tesla's income falls 24% from a year ago, more price cuts to come. Here's how to play it
▼ + stars: | 2023-04-20 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's income falls 24% from a year ago, more price cuts to come. Here's how to play itJim Cramer, Mark Fields of TPG, Ross Gerber of Gerber Kawasaki Wealth and Investment Management, Vijay Rakesh of Mizuho Securities, Toni Sacconaghi of Bernstein Research and Bryn Talkington of Requisite Capital Management on what they think about Tesla.

☆ Tesla's shares are up over 70% this year. One market pro is bullish — but another isn't convinced
▼ + stars: | 2023-04-11 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Shares of electric vehicle giant Tesla have risen more than 70% this year, after falling 65% in 2022 in its largest-ever annual decline. Bull vs. bear Ross Gerber, president and CEO of Gerber Kawasaki Wealth Management, is an unabashed Tesla bull. Gerber is excited about the prospects for Tesla's first pickup truck — the Cybertruck — which is expected to begin production by end-2023. Tesla cannot be the EV leader without cutting prices, Bido added. One of the most important components of an EV is the battery, and Gerber said Tesla is a leader in battery technology.

☆ Elon Musk thinks Greta Thunberg is 'cool' after her Twitter spat with Andrew Tate
▼ + stars: | 2022-12-31 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Elon Musk said he thought Greta Thunberg was "cool" in a tweet on Friday. The Tesla CEO was responding to a satirical article about Thunberg by The Babylon Bee. His comments came after the environmental campaigner's Twitter spat with influencer Andrew Tate. Analysts have also said that Twitter is distracting Musk from Tesla, while his politicized tweets have damaged the EV maker's brand as well. Musk and Tesla didn't immediately respond to request for comment from Insider.

Tesla did not respond to written requests for comment from Reuters sent to its Shanghai and global media relations accounts. Under Zhu, Tesla Shanghai rebounded strongly from lockdowns this year to bring Tesla close to its growth target for 2022 of 50% production growth. Among the projects the Shanghai team have worked on is Tesla's long-delayed Cybertruck, its next new model, a third person said. However, Zhu's colleagues in Shanghai believe he is in line for a more senior and wider-ranging role at Tesla, the two people said. The plant has excelled in applying cost-saving, factory-floor innovations for Tesla, including the use of massive casting machines to simplify production.

☆ Tesla investors plead with Elon Musk to leave Twitter and refocus on the electric car company in 'a vote of no confidence in Elon'
▼ + stars: | 2022-12-21 | by ( Kali Hays | ) www.businessinsider.com time to read: +5 min

Some high profile investors agreed Tesla's stock is down because Musk is distracted with Twitter. Musk is trying to get new investment for the platform, and just sold $3.6 billion in Tesla stock. "We all know why Tesla stock is down and it has nothing to do with the company," Gerber said. Both Gerber and Black suggested that Musk is selling Tesla stock to invest in Twitter, a company that Black noted "makes no money and probably never will." That should make a long-term stock investment like Tesla more intriguing to investors.

☆ A major Tesla investor says Elon Musk 'isn't suited' to be Twitter CEO
▼ + stars: | 2022-12-21 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

Ross Gerber, a Tesla and Twitter investor, says that Elon Musk "isn't suited" to be the CEO of the latter. He wants Musk to focus on the product, and let a "media-savvy" person be the front-facing CEO. What I really think is that Elon isn't suited to be the front-facing CEO of Twitter, and that's that." He said that the "politicization" of Musk's ownership of Twitter has hurt the brand of Tesla, where Musk is also CEO, and would benefit by Musk not being CEO of Twitter. Musk posted a Twitter poll Sunday asking whether he should resign as Twitter CEO and promised to abide by the results.

Investors have urged Musk to step down as Twitter CEO and punished Tesla stock, which is down nearly 60% this year and hit a fresh two-year low on Monday. On a Twitter poll from Musk on Sunday asking whether he should step down as Twitter CEO, 57.5% of 17.5 million people voted "yes." Ross Gerber, CEO of Gerber Kawasaki Wealth & Investment Management and a big Tesla bull, said last week that he would run for Tesla board and had notified Tesla. Leo KoGuan, a major individual Tesla shareholder, wrote on Twitter earlier that Musk had "abandoned Tesla and Tesla has no working CEO." "The whole situation is just weird, and weird is being kind," said Matthew Tuttle, CEO of Tuttle Capital Management.

☆ Elon had to choose between Twitter and Tesla. He's choosing Tesla.
▼ + stars: | 2022-12-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

Elon Musk has been forced to make a tough choice: Tesla or Twitter. He's picking Tesla, which represents nearly half his $156 billion in estimated wealth, and the Twitter poll gave him a handy escape pod. That red ink wasn't as much of a problem when interest rates were low, and Tesla's shares were soaring. But as the Federal Reserve has aggressively hiked interest rates to curb inflation, using Tesla stock to pay off the debt on the Twitter buyout is a problem for Tesla. "Tesla is so much an Elon stock, it stands or falls because of him," Beauchamp said.

☆ Elon Musk Seeks Additional Funds for Twitter
▼ + stars: | 2022-12-17 | by ( Alexa Corse | ) www.wsj.com time to read: 1 min

Elon Musk’s team has reached out for potential fresh investment for Twitter Inc. at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal. Ross Gerber , president and CEO at Gerber Kawasaki Wealth & Investment Management, said a representative for Mr. Musk contacted him about offering more shares Thursday.

☆ Elon Musk's team seeks new funding for Twitter - investor
▼ + stars: | 2022-12-16 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Jared Birchall, the managing director of Elon Musk's family office reached out to potential investors this week, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Twitter and Musk did not respond to Reuters requests for comments. Musk sold another $3.6 billion worth of shares in Tesla earlier this week, making it nearly $40 billion worth of shares in the electric-vehicle company sold this year. Tesla shares on Friday posted their worst weekly loss since March 2020, with investors increasingly concerned about Musk being distracted by Twitter and the slowing global economy.

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