Tesla is owned by Ross Gerber, the CEO of the investment firm Gerber Kawasaki.
In a Friday Twitter Spaces audio conference, Gerber declared his intention to run for a position on Tesla’s board of directors.
Some investors are idly observing the ups and downs of the stock market as their shares in a firm fluctuate. Others, commonly referred to as activist investors, are more outspoken and use their sizeable ownership share in a firm to affect its management.
According to a report on Friday by Bloomberg, one activist Tesla investor called Ross Gerber is now considering running for a position on the company’s board.
On Friday, Bloomberg organised a Twitter Spaces audio conference where Gerber, the CEO of the investment firm Gerber Kawasaki, revealed his objectives.
In the call, Gerber reportedly remarked, “I think it’s time for Tesla to grow up,” and added, “I think Tesla needs to create its brand around Tesla, and not just around Elon.”
According to information gathered by Bloomberg, Gerber’s company owned 440,000 Tesla shares as of December 31. According to Yahoo Finance, Tesla has around 3.16 billion shares outstanding.
Gerber’s intentions follow a warning delivered on a webcast in December by Alex Stamos, the former security chief of Facebook, after Tesla’s stock had fallen more than 62% so far in 2022.
In a Moderated Content podcast episode, Stamos stated, “If it continues to drop this hard, then you’re going to end up with activist investors getting in, and those activist investors are going to push to get onto the board and then to put pressure on Musk — or even to possibly kick Musk off as CEO.”
Over the course of 2022, the company’s shares ultimately decreased by 65%.
Gerber and Tesla Insider contacted Kawasaki for comment, but they didn’t get back to them right away.
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