Tesla bull Ross Gerber reveals he is not a Elon Musk fan, but can’t stop using his products: 'I’m not going to ...'
Tesla bull Ross Gerber has been a longtime Tesla supporter and it has once again made some candid remarks about CEO Elon Musk. Speaking at the Chasing Finance podcast, Gerber said, “I’m not a fan of Elon. But I’m not going to deny the fact he builds great products.” Gerber who is the co-founder of Gerber Kawasaki wealth and Investment Management has often been seen as one the Tesla’s most vocal bulls. Yet in recent months, he has grown increasingly critical of Musk’s leadership.
In November, Gerber blasted Tesla for spending money to promote Musk’s $1 trillion compensation package, even as the company struggled to sell cars. Large investors, including Norway’s sovereign wealth fund, opposed the pay plan, citing dilution risks and Musk’s outsized influence. Despite his frustrations, Gerber acknowledged Musk’s relentless work ethic and ability to build companies that command investor premiums. “He’s built some big companies and he’s succeeded,” Gerber said.
Gerber conceded that many investors continue to back Musk because of his track record and vision. “There’s a lot of people who have a belief that Elon’s robots are the future,” he said. “And they’re willing to invest at a massive premium based on Elon’s ability to execute.”
In the post, Gerber wrote: “I’ve never seen a worse BOD than tesla. It's so transparent that they all represent Elons interests and zero representation of the other 85% of the company. It's absurd to basically give Elon Musk $1 trillion of teslas shareholder value for a set of arbitrary goals. Based around a threat to leave too.”
In September this year, the Tesla board proposed a $1 trillion compensation plan for CEO Elon Musk. The newly proposed award is roughly 18 times the size of the 2018 pay package.
Gerber conceded that many investors continue to back Musk because of his track record and vision. “There’s a lot of people who have a belief that Elon’s robots are the future,” he said. “And they’re willing to invest at a massive premium based on Elon’s ability to execute.”
Ross Gerber criticise Elon Musk’s $1 trillion pay package
Gerber Kawasaki co-founder and Tesla Bull Ross Gerber recently shared a post on X, slamming the Tesla board who, he alleges it of acting solely for CEO Elon Musk’s interests. Gerber remarks come as the electric car maker’s crucial annual general meeting (AGM) approaches on November 6. During the AGM, the company is expected to reach a decision on Musk’s $1 trillion compensation package, one of the largest in corporate history.In the post, Gerber wrote: “I’ve never seen a worse BOD than tesla. It's so transparent that they all represent Elons interests and zero representation of the other 85% of the company. It's absurd to basically give Elon Musk $1 trillion of teslas shareholder value for a set of arbitrary goals. Based around a threat to leave too.”
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