Ross Gerber, a long-time Tesla investor, proposes that the company’s stock downturn could be remedied through either a CEO transition or a shift in Musk’s conduct. The decline in stock value is attributed to disappointing earnings, a constrained product portfolio, and market obstacles. Gerber specifically critiques Musk’s recent social media behavior, which has adversely affected Tesla’s reputation and investor trust. Despite these reservations, analyst Dan Ives anticipates a substantial 77% recovery in Tesla’s stock within the upcoming year.
Tesla’s $TSLA shares are currently at $160, marking their lowest point in almost 10 months, with the stock down 35% year-to-date.
As of now, Tesla ranks as the poorest performer in the S&P 500 and among the MAG7 for the year, having shed nearly $280 billion from its market capitalization in 2024 and $520 billion from its peak value.
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