One of Tesla’s earliest investors has told Sky News that Elon Musk should step aside as the carmaker’s chief executive unless he gives up his new government job.
Ross Gerber said in an interview with Sky’s Business Live that the tycoon and adviser to Donald Trump had lost his focus given his widening interests and was now too “divisive”.
He cited Musk’s post-election role at the helm of the Trump administration’s new Department of Government Efficiency (DOGE).
It has attracted public anger, and protests, over planned swingeing cuts to federal government staff.
Mr Gerber said: “I think Tesla needs a new CEO and I decided today I was going to start saying it and so this is the first show that I’m saying it on.
“It’s time for somebody to run Tesla. The business has been neglected for too long. There are too many important things Tesla is doing, so either Elon should come back to Tesla and be the CEO of Tesla and give up his other jobs or he should focus on the government and keep doing what he is doing but find a suitable CEO of Tesla.”
Mr Gerber told presenter Darren McCaffrey that the business was “absolutely” in crisis and the appointment was among several reasons he had sold off a substantial number of shares in recent months.
A slump began shortly before Mr Trump took office, as the first salvoes of the president’s trade war were being threatened.
Tesla’s market value has plunged by more than $800bn since December and it was a further 4% down in US trading on Tuesday.
Please use Chrome browser for a more accessible video player
1:26
Climate protesters vandalise Musk’s Tesla robot
The business has been struggling on several fronts.
Electric car demand appears to have peaked across key Western markets despite steep discounting to boost appeal at a time of continued strain on consumer budgets.
Also in the mix is cheap Chinese competition nibbling away at Tesla’s market share.
Add the potential for heightened costs due to Mr Trump’s trade war, it is of little surprise that investors are concerned.
Mr Gerber said that while Tesla’s products were undoubtedly the best around, Musk only had 24 hours in the day and he had split his time too thinly since his purchase of Twitter – now called X – in 2022.
He added that his social media posts and work with the president since had brought too much negative publicity to Tesla.
“The company’s reputation has just been destroyed by Elon Musk,” he said.
“Sales are plummeting so, yeah, it’s a crisis. You literally can’t sell the best product in the market place because the CEO is so divisive”.
A former FBI director has been interviewed by the US Secret Service over a social media post that Republicans say was a call for violence against President Donald Trump.
James Comey, who led the FBI from 2013 until he was fired in 2017 by Mr Trump during his first term in office, shared a photo of seashells appearing to form the numbers “86 47”.
Image: James Comey later removed the Instagram post. File pic: AP
He captioned the Instagram post: “Cool shell formation on my beach walk.”
Some have interpreted the post as a threat, alleging that 86 47 means to violently remove Mr Trump from office, including by assassination.
What does ’86 47′ mean?
The number 86 can be used as a verb in the US. It commonly means “to throw somebody out of a bar for being drunk or disorderly”.
One recent meaning of the term is “to kill”, according to the Merriam-Webster Dictionary, which said it had not adopted this meaning of 86 “due to its relative recency and sparseness of use”.
The number has previously been used in a political context by Matt Gaetz, who was President Donald Trump’s pick for attorney general but withdrew from consideration following a series of sexual misconduct allegations.
Mr Gaetz wrote: “We’ve now 86’d…” and listed political opponents he had sparred with who ended up stepping down.
Meanwhile, 47 is supposedly representing Mr Trump, who is the 47th US president.
Mr Comey later removed the post, saying he thought the numbers “were a political message” and that he was not aware that the numeric arrangement could be associated with violence.
“I didn’t realise some folks associate those numbers with violence. It never occurred to me, but I oppose violence of any kind, so I took the post down,” Mr Comey said.
Mr Trump rejected the former FBI director’s explanation, telling Fox News: “He knew exactly what that meant. A child knows what that meant… that meant assassination.”
Donald Trump Jr accused Mr Comey of “casually calling for my dad to be murdered”.
X
This content is provided by X, which may be using cookies and other technologies.
To show you this content, we need your permission to use cookies.
You can use the buttons below to amend your preferences to enable X cookies or to allow those cookies just once.
You can change your settings at any time via the Privacy Options.
Unfortunately we have been unable to verify if you have consented to X cookies.
To view this content you can use the button below to allow X cookies for this session only.
US Homeland Security Secretary Kristi Noem confirmed in a post on X that Mr Comey had been interviewed as part of “an ongoing investigation” but gave no indication of whether he might face further action.
The Secret Service is part of the Department of Homeland Security.
White House deputy chief of staff Taylor Budowich said Mr Comey had put out “what can clearly be interpreted as a hit on the sitting president of the United States”.
“This is deeply concerning to all of us and is being taken seriously,” Mr Budowich wrote on X.
Another White House official James Blair said the post was a “Clarion Call (…) to terrorists & hostile regimes to kill the President of the United States as he travels in the Middle East”.
Mr Trump fired Mr Comey in May 2017 for botching an investigation into 2016 democratic presidential nominee Hillary Clinton, the White House said at the time.
While Mr Comey was the director of the FBI, the agency opened an investigation into possible collusion between the Trump 2016 presidential campaign and Russia to help get Mr Trump elected.
The Trump administration is considering a TV show whereby immigrants compete for the prize of US citizenship, the Department for Homeland Security has confirmed.
It would see contestants compete in tasks across different states and include trivia and “civic” challenges, according to the producer who pitched the idea.
Participants could battle it out to build a rocket at NASA headquarters, Rob Worsoff suggested.
Confirming the administration was considering the idea, Department for Homeland Security spokeswoman Tricia McLaughlin said: “We need to revive patriotism and civic duty in this country, and we’re happy to review out-of-the-box pitches. This pitch has not received approval or rejection by staff.”
It comes amid hardline immigration measures implemented by President Donald Trump on his return to office in January.
Since being back in the White House he has ordered “mass deportations” and used the Alien Enemies Act to deport alleged gang members to countries in Central and South America.
Mr Worsoff, who is a Canadian-American citizen, said his pitch was inspired by his own naturalisation process.
He cautioned that those who “lost” the gameshow would not be punished or deported but said the details of how it would work would be down to TV networks and federal officials.
The producer said the US was in need of “a national conversation about what it means to be American”.
He said the show, if accepted by a network, would “get to know” contestants and “their stories and their journeys”, while “celebrating them as humans”.
Please use Chrome browser for a more accessible video player
17:52
Behind the scenes of Trump trip
Meanwhile, the Department for Homeland Security has asked for 20,000 National Guard troops from various states to assist with its efforts rounding up illegal immigrants.
Currently, the federal Enforcement and Removals Operations agency only has around 7,700 staff – but the boost would help fulfil Mr Trump’s inauguration promises.
The Trump administration has already recruited 10,000 troops under state and federal orders to bolster the US-Mexico border.
Some have now been given the power to detain migrants within a newly militarised strip of land just adjacent to it.
Image: People sit outside their destroyed homes in St Louis, Missouri late on Friday. Pic: Reuters
Further devastation expected in other states
The National Weather Service warned of further devastation hitting Texas, Kansas, and Oklahoma on Saturday.
“Severe thunderstorms producing large to very large hail, damaging gusts, and a couple of tornadoes are expected across the southern Plains,” it said on its website.
The Midwest tornadoes were also expected to hit Illinois, eventually stretching to New Jersey and the Atlantic coast.