Investor Calls for Leadership Change at Tesla Amid Stock Decline

Ross Gerber urges Elon Musk to adjust his behavior or for Tesla to find a new CEO as Cathie Wood continues to back the company with significant investments.

• Ross Gerber, a major Tesla investor, calls for Elon Musk to change his behavior or for Tesla to appoint a 'real CEO' to reverse the company's recent stock decline.
• Tesla's stock has plummeted over 36% since the beginning of the year, amid concerns over Musk's leadership and external distractions.
• Cathie Wood, a staunch Tesla supporter, continues to invest heavily in the company, buying $35 million worth of shares despite the stock's downturn.
• Investor frustration grows as Musk's activities, including his social media presence and pursuit of an unprecedented pay package, are seen as distractions.
• Despite the current market pessimism, some analysts believe Tesla's stock could rebound significantly in the next 12 months.

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Fortune Benzinga Markets Insider