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Musk Lashes Out at Unhappy Investor as Tesla Shares Retreat

  • Longtime investor decries lack of leadership at EV maker
  • Tesla’s value has plunged as CEO divides time running Twitter
Bloomberg business news
Why Gerber Thinks Tesla Deserves a Better CEO

Elon Musk pushed back on criticism from one of Tesla Inc.’s most vocal supporters amid growing concern about the chief executive officer’s ability to manage Twitter Inc. and his other businesses.

The billionaire, who has seen his fortune shrink in line with Tesla’s market capitalization, posted a tweet mocking Ross Gerber, CEO of Gerber Kawasaki Wealth Management, after the longtime investor tweeted about a perceived lack of leadership at the electric vehicle maker and said it’s “time for a shakeup.” That marked a change from the days when Tesla’s stock was soaring higher and fans like Gerber praised Musk’s managerial chops establishing the company as the early global EV marker leader.