Longtime Tesla Bull Ross Gerber dumps his Tesla stock, predicting total collapse and exit of CEO Elon Musk

Longtime Tesla Bull and wealth manager Ross Gerber sold more than 26,000 of his Tesla shares in the first quarter of 2025. This accounts for roughly 10% of his wealth management firm – Gerber-Kawasaki, says a Business Insider report. Gerber has initially predicted that Tesla’s stock could drop by as much as 50 percent — a forecast that proved accurate after Tesla shares drop by up to 43% following the backlash to Elon Musk’s controversial Nazi-style salute during Donald Trump’s inauguration.

Although Tesla’s stock has recovered since then, Gerber told the publication that he doesn’t believe the rebound will be sustainable. "We certainly haven't changed our view where we would start [buying Tesla stock] again," he said.

Gerber said that there is not a lot of hope for the EV company, unless it can massively turn things around with the Robotaxi service launch in Austin next month. “This could be an extremely difficult time for them,” he said, adding "if they don't pull off or at least convince people that they have a real robotaxi business on the way."
Tesla future unlikely unless Musk resigns: Ross Gerber
Gerber once again called for Elon Musk’s exit as Tesla CEO, stating that unless Musk resigns (or is removed) as CEO and is replaced with someone who can "sell cars," Tesla's future will remain gloomy.

“I think the next six months will really be make or break for them," Gerber said, "and we'll see how they do.”

Gerber’s remarks come days after Musk reaffirmed his commitment to Tesla, stating that he will continue to be the company’s CEO for the next five years. Musk made a video appearance at the Qatar Economic Forum hosted by Bloomberg, where moderator Mishal Husain asked: "Do you see yourself and are you committed to still being the chief executive of Tesla in five years' time?". To this Musk replied “Yes”, adding further “I can't be still here if I'm dead.”