Elon Musk is accustomed to shareholders snapping up whatever his Tesla Motors Inc. has to sell. Now his plan to merge the electric-car maker with struggling SolarCity Corp. has him confronting a rare case of investor unrest.
“This is a high-risk proposition with my money,” said Ross Gerber, a self-described fan of Musk’s and chief executive officer of Gerber Kawasaki, a money-management firm with more than 25,000 Tesla shares. “I don’t need Elon picking stocks for me. That’s my job.”