Overview
- Ross Gerber, a longtime Tesla investor, has offloaded over 26,000 shares in Q1 2025 and plans to continue selling, citing unresolved issues within the company.
- Tesla shares have rebounded 52% from April lows, driven by Elon Musk stepping back from his government role and easing US-China trade tariffs, but remain below late-2024 highs.
- Gerber has criticized Tesla's Full Self-Driving technology as ineffective and highlighted lawsuits and user issues as major obstacles to the company's success.
- Tesla's vehicle sales have declined sharply, with U.S. sales down 8.6% year-over-year in Q1 2025 and European sales plummeting by as much as 81% month-over-month.
- Tesla's planned summer robotaxi launch faces skepticism from Gerber, who doubts its ability to compete with rivals like Waymo or deliver on its promises.