Elon Musk on Trump’s team isn’t good for Tesla: Investor

Gerber Kawasaki CEO Ross Gerber, a well known Tesla shareholder, has not held back his criticisms of Elon Musk, both in his handling of Twitter—now X—and his seeming lack of care for Tesla. Gerber joined Yahoo Finance Executive Editor Brian Sozzi on Opening Bid to talk through another potential distraction for Musk: becoming an advisor for presidential candidate Trump.

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Video Transcript

Let's say former president Trump does win four more years in the White House and Lan becomes some former advisor as a Tesla shareholder.

What do you do?

Well, I told you what I've been doing, which is I've been selling off my stock.

And so I think Tessa is in a really tough position because they don't advertise.

So there's no advertisements that are gonna happen anytime soon that promotes the quality of their products, which is still, I think the best on the road, it's really a quagmire where you have the best products in an industry, but a CEO who doesn't actually work there, who doesn't try to sell the cars and the company itself doesn't advertise and we've seen sales go down and that's what's happening.

Sales are going down.

If you're expecting a great quarter, you're wrong.

They're not selling any Teslas here.

Other than basically discount, discount, discount.

If you look at the used car market, it's just flooded with Teslas.

I can't even sell the Teslas I have for anything close to what I think they're worth.

So this is not good.

You know, I, I, so here's this great company with all this great potential, but it's basically languishing now because the CEO works at Twitter.

And, you know, I don't think there's any confusion what Elon cares about.

And if he plays a role in the Trump cabinet, it would be because of Twitter, it's not gonna be to benefit uh Teslas because Ee Elon and, and uh uh Trump on a control the narrative on Twitter and, and so, you know, that's why they have a relationship.

Uh Elon's thinking maybe he'll sell some advertising this way.

But uh it's actually worked the opposite.