Investor: Elon Musk isn’t a liability to Tesla. He’s a liability to himself

Musk is “one of the most brilliant people of our generation, and you’re going to have to take the good and the bad with this guy,” Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, told CNN Business’ Alison Kosik during the “Markets Now” live show on Wednesday.

“And I’m willing to do that because Tesla will be the next Amazon, Google of this decade,” he said.

But the SEC has been examining his use of social media, and a federal judge is currently deciding whether to hold Musk in contempt after the agency alleged he violated a 2018 settlement agreement. Musk accused regulators of trying to infringe on his freedom of speech.

Gerber said he isn’t concerned about Musk’s controversies.

Tesla is raising prices after backtracking on store closures

“He’ll never be a liability for Tesla. He’s more a liability for himself,” he said. “Tesla can run without Elon. It’s not that you want that situation, but the company’s mature enough and in good enough management…



Please enter your comment!
Please enter your name here