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Tesla's Problem is its CEO, Says Tesla Investor Gerber
Posted
July 24, 2025
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July 24, 2025
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6:36Now PlayingRoss Gerber, President and CEO of Gerber Kawasaki, issues a warning about Telsa CEO Elon Musk's impact on the company's profits after a rough earnings report.
Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.
Tesla will be in a transition period for the next year or more, losing electric vehicle incentives in the US and needing time to roll out autonomous vehicles, the chief executive officer said.
“We probably could have a few rough quarters,” Musk said. “But once you get to autonomy at scale in the second half of next year, certainly by the end of next year, I would be surprised if Tesla’s economics are not very compelling.”
Tesla shares fell as Musk spoke after the close of US trading. The move carried over into Thursday, with the stock dropping as much as 9.5% shortly after the open.
Musk’s comments were his starkest yet on the fallout for Tesla from the tax bill President Donald Trump signed this month. In addition to phasing out $7,500 tax credits for EV purchases, the law gutted federal fuel-economy standards that have generated significant revenue for Tesla over the years.
The Tesla CEO’s blasting of the bill — he called it a “disgusting abomination” — solidified Musk’s break from Trump days after he left a prominent role in the president’s administration.
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